Junior mining is bust, but it’ll be back
Good riddance to the chaff
During a boom, there are always unscrupulous or simply inexperienced managers who attach an exploration story to a publicly-traded shell company it order to cash in on the wave. During a bust they are the first to go when the worthlessness of their asset is exposed, strengthening the sector as a whole.
At the other end of the spectrum, strong projects with proven managers will always be able to raise money, even in a bust. Look at True Gold, which recently raised $23.5 mn in a private placement for is Karma project in Burkina Faso, or Lowell Copper, headed by exploration legend David Lowell, which closed an $11.4 mn financing in July for grassroots exploration in Chile.
https://www.mining.com/web/junior-mining-is-bust-but-itll-be-back/