Juniors remain 'chronically overfunded'

THE mineral exploration industry remains chronically overcapitalised, says Sprott US Holdings boss Rick Rule, calculating only about 10% of the industry’s 2000 public listings are viable.

Juniors remain 'chronically overfunded' Juniors remain 'chronically overfunded' Juniors remain 'chronically overfunded' Juniors remain 'chronically overfunded' Juniors remain 'chronically overfunded'

Sprott US Holdings boss Rick Rule says the junior exploration industry remains chronically overfunded

Most of the exploration opportunities presented to Sprott, relative to their market capitalisations, were "hopelessly overpriced," he told MNN sister publication Mining Journal at the PDAC