Stay 100-ft away from Cantex No GenZ and millennial will invest in Canadian mining shares. Almost all investors in this sector are old-timers still stuck in the past decade working their back-of-envelope fantasy calculations. No billionaires will finance capex costs of over $1 billion in the ski slopes of North Rackla mountains with poor geology, environmental and native issues.
According to Northern Miner (Feb 2024): Competition from other speculative investment options (tech, crypto, etc). A lack of big, generational discoveries in the past 10-20 years. Fewer retail brokers focused on mining to tell companies’ stories. And a bloated number of public companies listed in Canada all seeking cash from a shrinking pool of investors. "