look how even african / australian mining companies are going to toronto to raise capital :
"This leaves Resolute Mining as the only substantial gold miner operating in Africa - it has the Golden Pride mine in Tanzania - with its sole listing on the Australian boards. But even this company is expected to pursue a dual listing in Canada when it needs to raise the money for its Syama project in Mali.
The other appeal for Resolute is that Canadian investors would value its reserves at about triple their present rating.
Paladin Resources, which is about to mine uranium in Namibia, is also now listed in Toronto.
The key is the need for the amounts of money simply not available to smaller mining companies here.
This is why Red Back Mining (Ghana gold) and two companies with projects in the Democratic Republic of Congo - Anvil Mining and Moto Gold Mines have shifted their domicile to Canada. So too has Equinox Minerals which on Monday launched a $C127 million ($146 million) raising for its Zambian copper project."