11 Top Juniors Are Running Our of Money

EXTRACTS:

"The management consultants have a stark warning for the industry emphasizing that despite the prudent steps taken by companies the trends are clear and waiting it out is no longer a viable strategy:

"Many of Canada’s junior miners will soon find themselves running out of cash, and those that wait too long to act may find themselves without options.

"Many companies are assessing their cash burn out rate as a matter of months—yet another reason companies should start looking at new ideas for keeping afloat."

...

“Despite the downward trend we have seen some stories of true innovation this year – those junior miners who have moved from simply keeping the lights on to transforming their business have given us a glimpse into what could be a more optimistic future.”

http://www.mining.com/even-top-juniors-are-running-out-of-money/

Please note that this story is about junior miners. That means producers, though not on the scale of, say, Freeport or Rio Tinto. These guys, too, can't raise money. Things are so much worse for explorers. But again, innovation (change in direction) is the key to survival in these times, and I think LBSR is ahead of the curve in this regard.

...just my opinion.

VP