Page 5 Page 4 It is now being accepted that the hard times facing the junior mining sector is forcing it to accept a new reality . Change, massive change, is taking place, and that could be a good thing. The core problem is fnancing; the present but old way is no longer viable. It is estimated that one third of the over 1,700 juniors on the T oronto and V ancouver Exchanges will run out of money within two years. Failing to fnd ways to raise money not only for ex - ploration but for administration will mean the end of the lives of those companies. There is light at the end of the tunnel. In fact, there are several lights. One thing is obvious, costs in every area of every op - eration must be reduced. Another is to mer ge several companies to create a much lar ger entity . Lending institutions might look more favourably on a com - pany with a lar ge portfolio of properties as against one with a single property . There is the option of selling known deposits to one of the big 10 industry giants. In the present fnancial environment, they still have the ability to raise lar ge sums of money . Finally , there is government, the creator of wasteful and ineffcient laws and rules that gobble up money . Canada needs a healthy exploration sector , just as its very economic health is dependent on a robust com - modities industry . Some juniors may disappear but those with an expe - rienced management team, a track record of deliver - ing on its promises, a project close to the advanced stage and a lean, mean costs structure will survive. The new era we are entering also will see the role of the prospector , both the fullti me one and the week - end amateur , increased. That could be a good thing as most of the past cen - tury’ s fnds were made by individuals. T r oubled juniors face r eality By Glenn Dredhart, Publisher ? Be st K f a c to r on th e m a r ke t! (K: 3. 5) ? L ow t r a n sp o r tati on co st s ? L i gh t w e i g h t & Easy to I n st a l l ? Im pa c t r es is t a n t . ? L on g l a st i n g Pr od u ct To in c r ease a i r VOLUM E & QUALI TY , a d a il y chal le n ge for pr odu ct ion . Info@p la s t ic min er .c om 1 - 866 - 797 - 9 43 6 www.pl a s t ic mi n er .c om Incr e as e eff ici enc y an d s ave ene r g y cos t $. De mon stra t i on si t e i n S udb u r y at MTI t e st & r es ea r ch mine . Th is g ives a r e al - wo r l d envi r onm en t in whi ch to g ive our cu st om er t h e oppo r t uni t y t o t es t an d lea r n m o r e abou t t he pr odu ct w it h out pr o duc ti o n st r ess .