Chart of the day is...

...Trelawney Mining (TRR.v) with a  red line stuck at $3.30 per share.

Aside from the debate that will surely happen over TRR.v and its deal today, the true good news is that IAMGOLD (IMG.to) (IAG) has opened up the cheque book (it's a $3.30 all-cash deal, see Reuters here or the company NR here), because if there's one thing the whole of the junior exploration sector needed it was a chunky M&A deal. Let's see how today's news affects general valuations.