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The days of "easy money" for jr miners might more than, according to Rick Rule, head of state of Sprott U.S., who sees document levels of financing for even low-quality junior mining projects as a sign of care.
" The area itself, I assume is significantly overbought. The fact is, ratings of firms have been able to do really, very large financings," Regulation informed Kitco Information.
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Junior miners now ‘overbought’; how Rick Rule picks his stocks
The days of “easy money” for junior miners may be over, according to Rick Rule, president of Sprott U.S., who sees record levels of financing for even low-quality junior mining projects as a sign of caution.
“The space itself, I think is substantially overbought. The truth is, scores of companies have been able to do very, very large financings,” Rule told Kitco News.
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