A lot of these micro cap mining companies will need to be taken over in order to make it into production. This is a nice PDF showing what costs are involved to take a mine into production.

For companies that are in the stage that CMM is in now, it will either take a lot of shareholder dilution to attract that right financing, or a merger/JV/take-over. Looking at the ridiculous amount of mining companies there are in Canada alone, I would expect there to be a massive consolidation in the coming decade, especially if higher returns are generated on precious metals mining.