Conclusion

“Many mining and metals companies are looking for acquisitions to fast track supply pipelines, driven by confidence in ongoing underlying demand in China and India. We are seeing a lot larger lists of potential buyers than there are assets available.” Mike Elliot, Ernst & Young’s Global Mining & Metals Leader

Senior miners are buying junior and exploration companies earlier in their life cycle. New money is coming into the sector, bids are building and the asks are being taken out. Significant drill assay results are giving companies share prices a rocket ride when released.

It’s an exciting time to be an investor in the junior resource market. Are there some quality junior producers, soon to be producers, post discovery resource definition, green field exploration companies and potential takeover targets on your radar screen?

If not, maybe there should be.

Richard (Rick) Mills