remember when banks in 2008/2009 were beaten down and they said most will go BK?? this is the fear they are saying about miners now. In 2-3 years, most will be 2X what they are now. It will take lots of time.
maybe they didn't have massive debt and leverage back then and such exceptional leverage to gold cutting divs, firesale assets, equity raise....using your analogy for an investment thesis is the dumbest thing I've seen