You dont wipe $100 million a month for 5 months off the board of a junior gold producer and not have some effect on the whole industry.
One could easily predict that the massive loss of $500 million capital is going to undermine confidence in Australian junior producers.
Thanks goodness Citigold have abandoned their aim of finding JV capital to develop Sunburst because there is going to be even further tightening of exploration capital in an industry that has been drastically under capitalized over the last decade.
the bendigo effect
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