At the Vancouver Resource Investment Conference in January I heard a presentation by John Kaiser. His conclusion was with at least 600+ Juniors having less than $200,000 of Working Capital many are going to vanish. Zombie land he called it. Presentation here for those that are interested

http://www.kaiserbottomfish.com/i/jk/pdf/KaiserCambridgeVancouverKeynote20130120.pdf

See page 18