Shining Tree Gold Camp Message Board

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Gold/Mining/Energy : Shining Tree Gold Camp

ORFDF 0.0572

-6.6%

Oct 22 2:58 PM EST

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From: sense	4/22/2012 3:27:57 PM
	of 260

Ran across this mention of Lake Shore, today, from the 2nd of April: Lake Shore Gold (C$1.11, C$0.08, 7.8%) is up on volume of 47 million shares after announcing a new reserve estimate for its Timmins West Mine in Ontario. It said the level of reserves is consistent with its objective of maintaining 3-5 years of reserves ahead of production. It's one of the reasons that I'm finding the Shining Tree Camp focus is useful... There are big differences between companies and regions in the ability in (and cost of) sustaining reserve growth that exceeds the pace at which resources are being depleted... That's going to become a BIG factor for some of the BIG miners... SOON... (in mining terms)... Whatever it is that happens in metals pricing... there is a separate dynamic that must and will occur in the shifting of production focus from mines that are closing in on reaching the ends of their useful lives... to those whose useful lives are (relatively, at least) closer to being infinitely extendable... Certainly, it's looking like the next decade is going to see a significant rotation occurring in the miners... as existing mines are wound down... and as bigger companies will need to go looking for replacements... The cycle in the industry tends to peak when majors have tapped out their in house exploration and development potentials... and launch bidding wars for rank explorers... which they need to do to replace "the future" that they've already consumed... I think we're a LONG way from seeing that sort of a peak... Perhaps still a couple of decades away from seeing that sort of generational event that marks closing in on "the top", where there will be a feverish pace in big $ acquisitions of explorers. Saw a "minipeak" in that sort of activity in the 1980's... While we may see another interim peak like that occur within a few years... I don't think there's much potential that we'll see "the peak" in the current resources boom occurring before 2025 or 2030... I think we're still early in the cycle... and the opportunities that exist now are "generational" in scale... Which doesn't mean that there can't be a bit of drama that occurs, now and then, in the markets in the near term... well before we reach "the peak"... as the markets begin to adjust to the nature and scope of the shifts that are going to occur over the next few decades.

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