Baires: Belly-up gold mining companies means big losses in the mine finance sector as well. Creative solutions are important to preserve financiers and their profitability as their investments go sour.

The idea of close collaboration and monitoring between mine financing firms and miners to preserve profits has arrived, but it means finance and investment firms like Orion, Sprott, Front Street and the big mutual funds in mining like RBC, CIBC World Markets, TD, National Bank, etc. etc., must develop similar skills to those in mining firms to reduce transaction costs and risk, which places even more pressure on the supply of skilled operators, mining engineers and geologists.

I bet pm royalty companies have the same problem and are beginning to compete with miners for skills and hands-on experience, like Sandstorm, Premier (they have a former CEO of Sabina in charge), the two Wheatons, etc.. Tyhee has such an advantage in this market. These are interesting times! Ike