Spot on. The simple fact is that the existing producers can increase their resource faster than that a junior miner can finance and build a new mine. If, on top of that the junior miner is in a questionable location it becomes harder by a number of multiples. Thats why, for example AVZ had to do the craziest CR for a few million that really cost a lot of shareholders wealth and LTR raised $18m in 2 days with a good chunk from Directors. Its all about location, location, location. PLS is on the box seat on all fronts, IMO
Good News & Bad News, page-632
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$2.90 |
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