Operations Manager specialising in responsible natural resource management and sustainability practices
Redesigning the Business Model of Mineral Exploration Rick Rule's sentiment that 2/3 of companies have little or no value aligns with my observations over the last few years. It mirrors the somehow accepted statistic that only 1 in 1000 exploration projects succeed. I dislike this statement for many reasons, but one glaring issue is that those 1000 projects are not equal or managed equally. The fact that the majority of these projects should never have existed highlights how misaligned the incentives are in how junior companies supposedly generate value. I envision a world where the business model is redesigned to truly unlock the great work that many people do in our sector.
Lyle Trytten
1mo
I envision one where all junior mining executives tell the truth! Many do today, but there are those that poison the well for everyone trying to do the right thing.
Geologist & Mineral Exploration Manager 🇦🇹🇬🇧
1moTotally agree. My semi-biased opinion… There’s a lack of technical competency on the financial end of the industry so… Poor technical projects wrapped in flashy marketing envelopes in tired jurisdictions keep being allowed to burn all the capital, while projects of genuine merit sit gathering dust. It’s a self-perpetuating problem and can only get worse, until major exchanges enforce much stricter compliance rules and punish the many repeat offenders.