Why? well let me see...
what is the impact of another credit crunch will have on speculative mining and exploration stocks.
Not many stocks will be able to resist the selling pressure if there is a collapse.
Mineral explorers will become worthless because the market will deem all of them to be unable to borrow funds to develop their projects.
The in-ground value that they carry will disappear.
(Thanks ASX Guru)
why, page-33
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