RE: ARC company update26 Sep 2018 12:58
When do we stop being classified as a junior miner? I was under the impression that junior miners were those that were in the exploratory phase. i.e. from Wikipedia
Corporate classifications
Mining companies can be classified based on their size and financial capabilities:
Major companies are considered to have an adjusted annual mining-related revenue of more than US$500 million, with the financial capability to develop a major mine on its own.
Intermediate companies have at least $50 million in annual revenue but less than $500 million.
Junior companies rely on equity financing as their principal means of funding exploration. Juniors are mainly pure exploration companies, but may also produce minimally, and do not have a revenue exceeding US$50 million.