A scan of the ASX will reveal there are no fewer than 1,000 mining and energy companies listed on our major trading bourse.
Including other global exchanges, and those in the unlisted space, there are infinitely more.
Almost all of them would have ambitions (and in some cases delusions) of funding their projects through to successful production status, but the reality is that only a select few will reach this stage. Why? Because they are all competing for a finite pool of capital and, quite simply, there is not enough of it to fund them all.