Slow motion is right, but that's the junior market right now.
If many juniors fold and exploration slows down due to lack of financing, you'd think it will have an impact on future metals supplies. At that point, metals prices would rise sharply sparking more demand in explorations. Don't know how long that will take though.
For right now, best to stick with juniors who have good land holdings and cash on hand if possible. Juniors with little potential and no cash will starve in this market climate.