In Canada’s mining industry, panning the prospectors is surely a disgraceful exercise. Natural resources are the basis of Canada’s wealth. But without the vision of explorers, prospectors and speculators, they would never have been developed.
Why then is the Ontario Securities Commission so determined to kill the initiative of the last few supporters of this enterprise — the Security Dealers (the grubstakers), who fund speculations of prospective exploration targets?
What is so negative in our society that we should want to deaden all initiative, all speculation so? Are we forever to be ruled by bureaucratic definitions of the gullible society as far as the mining exploration and development industry is concerned? Or can we not be allowed to speculate for ourselves on mining exploration ventures as reasoning persons in a free society?
As the voice of the industry, The Northern Miner should speak up a little more clearly on this matter in defence of the prospectors than you have done in “Squeezing securities dealers” (T.N.M., Oct. 5/92).
Michael Skien
Toronto
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