There are now 34 news releases from junior mining companies stacked up in your humble correspondent's mailbox, all from this morning. You can tell that PDAC is just round the corner, can't you? Here are just three selected:
This post could take up a lot more room, but those give us the general lie of the land. Whatever gives you the impression I'm slightly cynical of junior mining management teams, anyway?
Creston Moly (CMS.v) decides that the best thing to do with its patently uneconomic 'Creston' project in Mexico, that has been picked over for 40 years and never taken to production, is to make like they're busy people and add a few more holes to the 116 that have already been drilled there.......y'know...just in case they find something different. The most important word to take away from that previous sentence is 'never'.
Rio Cristal (RCZ.v) issues a 43-101 report on its zinc asset that has nice grades and stuff. Unfortunately it's slap bang in the middle of the Peruvian Amazon jungle so has about as much chance of becoming a mine as Tiger Woods has of scoring with Naomi Klein.
Victoria Gold (VIT.v) tells us all about its great idea for a fast start-up gold mine with 87k oz annual gold production. Never mind that at $1,100/oz Au the pre-tax NPV for the thing is $146m and the current mkt cap is nearly $220m. And never mind that the resource is only inferred at present and it'll need a whole bunch of dollars thrown at it before the plan moves ahead. And never mind the clear front-running the market saw yesterday.....these people have YOUR interests at heart.
This post could take up a lot more room, but those give us the general lie of the land. Whatever gives you the impression I'm slightly cynical of junior mining management teams, anyway?