"After more than three years of trying to survive, the financial...

"After more than three years of trying to survive, the financial health of the junior mining sector is now at tipping point. Of the population of ASX listed, ‘Materials – Metals and Mining’ classified companies Capitalised at less than A$100m (producers, service companies and recyclers removed): 58% of the companies in the population have less than A$1m cash. Annualised median administration spend sits at $0.8m, therefore “median co” has only enough cash for 12 months administration, and nothing for exploration or development."

..........I wonder how BLY feel when they read "nothing for exploration or development"!!!!!

Can anyone tell me how many new industry IPO's there were on the ASX/TSX in the last 12 months? ...........did it even get to double figures?
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