We are #1! We are #1!FP says Copper Fox, other juniors can be volatile
Copper Fox Metals Inc (C:CUU)
Shares Issued 379,089,349
Last Close 11/8/2011 $1.29
Wednesday November 09 2011 - In the News
The Financial Post reports in its Wednesday edition that PricewaterhouseCoopers's Junior Mine 2011 report says the TSX Venture Exchange saw the combined market capitalization of its top 100 junior miners skyrocket to $20.6-billion in the 12 months ending June 30, a 62-per-cent jump from $12.7-billion a year earlier. Thirty-six firms in the top 100 have total outstanding shares worth more than $200-million this year, triple the 12 in that position in 2010. The report cautions that volatility is the new normal and notes that since June, the total market cap for the top five junior miners listed on the TSX-V has dropped 38 per cent. "Market volatility ... is the new business as usual for juniors," says PwC analyst John Gravelle. "Stability is prevented by fluctuations in currency, the current pace and reliability of earnings growth, aggravated political environments and sovereign debt issues across the globe," he adds. Copper Fox Metals topped the list this year. It had a market cap of $790-million, while Advanced Explorations, which came in at 100, had a market cap of $81-million. Positioning on the top 100 list is also volatile, with only 45 mining companies from 2010's list remaining on the list this year.
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