Be careful....so much harder for explorers to raise funds now...

Be careful....so much harder for explorers to raise funds now for further works. Companies must have an outstanding resource or you'll be left holding the bag with nothing in it. I expect if the market goes down further and stays there, we will see a lot of m&a action.

As the companies without a cash flow dry up of future funds they will need to sell or go to the liquidators. Bigger companies knowing that will use it to advantage you can be sure.

Culpeo has something but whether they can keep the project going is yet to be seen.