Sunday, 21 September 2014

Richard Schodde - Minex Consulting - Junior Exploration Reports

New presentations from Richard Schodde at Minex Consulting reviewing junior discovery performances. Well worth a full read, a few highlights below.

Canada, Latin America and Africa seeing major discoveries lowering average costs of discovery

Discoveries are taking longer to move into production - the discoveries made may be uneconomic and/or are remote and facing permitting issues.

A sample of 100 Aussie explorers shows the risks of exploration. 77% of value was created by 10% of the companies. The top 2 - 4 are very significant

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