What typically happens to junior companies that make a discovery is they wind up getting a cheque every month from a mine, or the other option is you get taken over by a major. We have two choices. There are a number of things that have happened over the last four years. We re not in a recession in terms of junior explorers. It s almost a depression in terms of guys who are in the gold business because gold s at a 27-year low.
Nobody wants to put any money into that industry.
And that s from the majors like Barrick right down to the juniors. Any industry can only stay down for so long. I think the market will change over the next couple of years and metal prices will come back. The Wall Street Transcript does not endorse any of the comments made by interviewees, and does not make stock recommendations.