Upturn in investment still distant, delegates at the Global Mining Finance 2015 heard, as the supercycle model was described as "flawed". Crowd funding meanwhile has "moral implications".
[George Rogers] rejected the idea of the so-called "commodities supercycle", stating that it is neither part of a cycle nor is it "super". "I struggle with the concept of a cycle. Cycles are vaguely predictable," he said.
Exploration funding is the toughest to attain, he said, adding that the door remains ajar for more developed projects. "There's absolutely no money out there for people that want to explore. It's probably when you're at feasibility study (FS) stage [that funding becomes more available], but even then, only for exceptional projects in stable countries."
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