Overall I'm in agreement with you but can't see many of the 'junior' exploration companies involved in the ROF completely disappearing. Cutting back to bare mininum cash outflow yes but I see them like a turtle pulling in their head and sleeping thru the bloodbath.

When things eventually take a turn for the better, which could just be Noront (or someone else) hitting one or more large rich deposits, those juniors would be able to raise funds to come back exploring.