There are several reasons that the majority of economic mineral deposits are found by the junior mining companies or individual prospectors. Junior explorers are not slow-moving bureaucracies like many senior companies. Juniors are able to make fast decisions both in the boardroom and in the field. Senior resource companies generally play a different role, namely, to fund and place into production deposits discovered and developed by juniors.

 

But perhaps the most important reason juniors make most of the discoveries is the talent, motivation and dedication of their management team. Juniors are often managed by men and women who have had success working for both senior and other junior companies. So why would someone want to be a director of a junior mining company that has no revenue and sometimes not even a decent salary to offer. It's the huge potential rewards that can come when a discovery is made that attracts the top talent of the mining sector into the juniors. In other words, they want to work for themselves and get the rewards they justly deserve instead of a pay check and a pat on the back  that a senior company will offer.