“The gold price is obviously a big thing, if you can get the gold price moving in the right direction, you’re going to get a lot more interest coming back,” Drechsler told Kitco News on the sidelines of the Yukon Mining Investment Conference in Dawson City.
Drechsler added that investments into exploration companies are speculative in nature, which means capital into junior miners is competing against blockchain and marijuana stocks.
“The early stage exploration is higher risk capital so you’re competing against these other sectors, so without the gold price moving in the right direction for you, there’s not a lot of reason for people to step out and take that risk,” he said.
- Source, Kitco News
