South Africa looks longingly at the size and diversity of Australia's junior mining (and, mainly, exploration) sector.
Recently David Christianson of the South Africa Institute of Race Relations penned an article deploring the state of mineral exploration in his country. "There's a tiny but vitally important sector being ignored at great peril to our economy's failure," he wrote.
Christianson cited the comparisons: the ASX had 578 listed mining companies, "well over 500 of them juniors."
The TSX, he continued, had more than 200 juniors.
"At the other end of the scale, the Johannesburg Stock Exchange has 43 listed mining companies of which perhaps 24 qualify as juniors."
His argument is that juniors are not just mining companies that haven't yet...