Junior Miners Will Have to Wait Until September Before the Market Turns Around

Benjamin Cox |

Benjamin speaks about the general disposition he noticed at this year’s PDAC. Firstly, an overwhelming amount of people were looking for jobs. Also, not much money was on the floor and the money that did exist was not friendly. Management did not seem happy and were, if anything, trying to enjoy a couple of nice drinks while they could still afford them. Switching gears, Benjamin then speaks about how the current Ukrainian situation reminds him of the Japanese tsunami, which spooked the uranium markets and in turn cratered all juniors. He concludes that we are at market bottom, and it won’t be until September before things can potentially turn around. All in all, the PDAC was useful, but not something that is going to signify the turning of the market.

 

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