From first drill hole to first ounce of production in a junior exploration company takes on average 18 years, making it extremely capital-intensive; constant shareholder issuance is required because junior companies with no cash flow must repeatedly return to capital markets every 5-6 months for funding.
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Unidentified Speaker — GOLD & SILVER: Debt Crisis, China Warnings & Why Stocks Are… [JDQhAFfIW5M]Evidence Quote
“from first drill hold to First ounce now on average is 18 years...they have to come back to the Wicket five...six months later and raise more money”
Created: 8/13/2026, 4:53:31 AM
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