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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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