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Exploration industry remains 'chronically overfunded'

The global junior mineral exploration industry remains chronically overcapitalised, says Sprott US Holdings boss Rick Rule, calculating only about 200 of the industry’s 2,000 public listings are viable.

Exploration industry remains 'chronically overfunded' Exploration industry remains 'chronically overfunded' Exploration industry remains 'chronically overfunded' Exploration industry remains 'chronically overfunded' Exploration industry remains '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 Mining Journal at the PDAC 2020 convention in Toronto.

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