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Mining start-ups all about ‘right place, right time’, says Finncap’s Martin Potts

Tuesday, November 1, 2016 4:57
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Finncap’s Martin Potts speaks to Proactive about the hurdles for junior miners and why it’s been a tough few months for some while others have enjoyed success.

”It’s very much a case of right place right time. Those people who’ve been starting up mines recently finance mines with a particular commodity price in mind and then the commodity price has fallen – that’s led to cash shortages and you start running out of money and that squeezes the whole idea of building a mine in the sense that you have to start making capital savings and you have to take shortcuts”, Potts said.

He added: ”One of the great things about mining is that the cycle will always turn because without mining we go back to the stone age”.

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/stocktube/6299/mining-start-ups-all-about-right-place-right-time-says-finncap-s-martin-potts-6299.html

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