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Mining start-ups all about 'right place, right time', says Finncap's Martin Potts

Finncap's Martin Potts speaks to Proactive about the hurdles for junior miners and why it's been a tough few months for some while others have enjoyed success.

''It's very much a case of right place right time. Those people who've been starting up mines recently finance mines with a particular commodity price in mind and then the commodity price has fallen - that's led to cash shortages and you start running out of money and that squeezes the whole idea of building a mine in the sense that you have to start making capital savings and you have to take shortcuts'', Potts said.

He added: ''One of the great things about mining is that the cycle will always turn because without mining we go back to the stone age''.

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Price: 0.035 AUD

ASX:WLF
Market: ASX
Market Cap: $38.18 m
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Demise of Wolf Minerals Ltd 'a blow for UK mining' - Alastair Ford

Mining Capital's Alastair Ford discusses the collapse this week of Wolf Minerals Limited (LON:WLFE) (ASX:WLF). Ford says what really did it for Wolf was simply that the economics of production at Hemerdon never really stacked up. He adds that its major investor RCF will now be staring...

on 12/10/18

2 min read