Cash-poor juniors look to big firms, Asia

摘要

Junior miners will have to look to bigger companies to finance their development projects as equity raises remain untenable due to the weak economy, market participants told AMM. "The established guys are going to be able to cherry pick some of the projects out there since the juniors won't be able to finance in these markets. I think you're going to see more consolidation," Stefan lan-nou, mining analyst at Haywood Securities Inc., told AMM.