Good to know we are at least not one of these
from sprott:
There are just too many companies out there with too little cash. According to John Kaiser, a mining analyst who has been following the sector for over 25 years, 1,025 companies out of a possible 1,770 trade below 10 cents a share while 817 of these companies have less than $200,000 left in capital.1
So What’s Coming?
...which could precipitate a flurry of de-listings.
The current economic reality has fashioned a quality-control system, albeit somewhat crude and often brutal. The inherently weak or flawed juniors will likely be removed, leaving a leaner and fitter sector that will be easier to navigate. The very first to go will be the ones that never should have made it to the party in the first place - those built on dreams of a get rich quick scheme, usually by ambitious but misguided geologists without enough experience.