Like Darshan says, there are alot of companies in MOR's boat.
If one is to actually evaluate MOR by talking about the other Reaugh companies (odd tactic) - remember AUA isn't really any more. They asked Larry to step down from EVERYTHING there, and have gone thru a number of management changes since. No point at all in using them to eval MOR...
Goldrea company went down the toilet BECAUSE OF DAYE MINE?? That conveniently overlooks that the MARKET went down the toilet at the same time and at the same rate... C'MON!
And you also conveniently overlooked the other Reaugh company: RD. They did a financing in Oct., continued with their game-plan and bought up the rest of their keystone Artillery properties - and did so with only modest deposits, allowing them to keep most of the $650k for working capital.
The only News Releases coming out of alot of Jr. companies right now are rhetoric about staying the course and disguising their retreats with talk about reprioritizing expenditure. MOR (Davis drill results, Empress) GOR (LUDI JV, Empress) and RD actually show signs of continued life. I suspect you'll see them outlasting many others.