The Gold Report: John, at the Cambridge Conference in Vancouver, you spoke about visualizing an alternative to “zombie land,” the zombies being the 1,000+ companies in the resource sector trading at less than $0.20/share, which include a good number of the more than 600 companies with less than $200,000 in the bank. You predicted at least 500 would go out of business in the next year. Is this a more dire scenario than before or are there just more companies?
John Kaiser: In the junior sector, 1998–2002 was a very difficult period. Metal prices, especially gold, were weak. The Bre-X Minerals … [visit site to read more]