Industry Insights: Exploration
Juniors have their say
“Pickle Crow produced 1.5 million oz at 16 g/t between 1935 and 1966 at a cutoff grade of 8 g/t. Mining technology has come a long way since then, and today, underground mines can work on a sub 2 g/t cut off. Consequently, a significant amount of mineralization has been left behind and can still be exploited.”
Darren Cooke, CEO, Auteco Minerals
“The market is not attributing much value to our wide stable of mineral properties because it is difficult for them to understand a diversified play. It is easy for them to appreciate a one-trick pony, where they know the project, and the prospects. That is why we are looking for a flagship from within or outside our portfolio.”
Rajesh Sharma, President and CEO, Fancamp Exploration
“I think we are in an environment where you will see transactions. For companies with stronger balance sheets, the downturn creates an awful lot of opportunity where there are cheap stock companies. The question for the bigger mining companies is how much are they prepared to bite off versus focus on exploring the assets they already have.”
Paul Wood, CEO, BTU Metals
