via Montreal Gazette - Mining Royalties

Everyone probably looks the gift horse in the mouth when it comes to mining companies.

Certainly Sprott Resource Lending are the equivalent of 'La Partie Quebecoise' when they hit up developing junior mining companies for usurious interest rates on proposed lending schemes.

Taxes on mining and development in Canada have been increased, but lending activities to the resource sector have taken on a macabre vampyrism.

If the government won't shut down mining companies, resource lenders like Sprott Resource Lending will do it for you.

This is where the error resides. This is where Netolitzky and Sprott are hoplessly mistaken. And still dreaming in technicolor on obtaining returns through alpha, rather than running a mine like a business.

Point the finger at the gub'mint all you like, hold up examples of 'socialists' all you like, but lenders to the resource sector are no better than vultures, dining on what's left of the carcass of mining.

Montreal Gazette

-F6