Most of the middling- to poor-quality juniors have finally been eradicated or left impotent by the downturn, which have enabled investors to back the survivors with greater certainty, head of Kaiser Research John Kaiser told attendees at the newsletter writers’ day during the recent Prospectors and Developers Association of Canada convention.
“Almost three-quarters of the companies have been side-lined, marginalised and taken out of the equation,” he said. “The garbage is gone.”
