Boiling Point

Standout junior explorers are finding investors for their mining projects, while others are cutting back on exploration and development to counteract a tough corporate finance market and increased government fees.

A depreciating currency and encouraging demand over the medium term spells good news for the state's mining juniors, if they can ride out short-term fluctuations.

There's a flipside to being undervalued, according to Minotaur Exploration managing director Andrew Woskett, whose business has a $21 million market cap.

The board at Balamara Resources took drastic action last week in light of the dramatic fall in the company's share price during the past 12 months, with managing director Mike Ralston announcing the intention to de-list from the ASX.