By Sprott's Thoughts
Tekoa Da Silva had the chance to sit down once again, with Rick Rule, Chairman of Sprott U.S. Holdings. It was a fascinating interview, as Rule discussed the developing trend of mergers and acquisitions in the resource and mining industry.
Rule indicated two general conditions - an overabundance of companies crowding a small industry, and high-quality resource deposits available at attractive valuations - will cause the M&A trend to continue.
"There are too many companies in a business that's too small," Rule explained, "[And] the industry has too much general and administrative