The problems for Matrix and Copperco have come as a result of their debt repayments and unfortunate timing in a very tough market.
The good news for EXS and other explorers / potential developers such as IVA and CDU is that they all have cash and NO debt. That makes a big difference when it comes to still being around when the recovery kicks in.
Market in the short term is still going to be tough for the junior sector; some patience needed.
