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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: John Vosilla who wrote (90405)1/13/2008 6:00:59 AM
From: Madharry  Read Replies (1) of 110194
 
I think that part of the problem is the uncertainty of the mines ever being built partly because of geographical location, partly becuase of costs of production and the time it takes to go from feasiility study to arranging the financing to completing the mine and generating production, as well as the uncertainty of royalty agreements and taxation which has been proven to turn on a dime.

also its quite possible that the population of junior mining company investor/speculators has been more affected by the credit crunch than the major gold investors which tend to be funds.
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