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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: geoffb_si who wrote (885)	4/27/2001 4:05:50 PM
From: Bruce Robbins	Read Replies (3) \| Respond to of 4051

Of course there are always many exceptions to any generalization, but FWIW: Australia is pro mining. The Australian mining companies and the people who work for them have a long term plan- they know that this low in the market is just part of the cycle and are prepared to buy and develop things now for tomorrow (buy low sell high). The Aussies have trained professionals in their organizations and have kept them. They have developed the art of modern exploration. Australian geologists love to drill and do it as soon as possible. Canada on the other hand is anti mining (e.g. BC and the singing trees). The Canadian mining companies have no long term plan- they can not see beyond their own noses. They are high-grading their deposits and shutting down offices. Panic abounds. The profession of prospector has been killed- you have a bunch of office jocks who try to run the show now. The stock exchanges have made it almost impossible for anything new to get listed- only multimillionaires with lawyer friends can get through the door. Even if you do get to list, you are swamped by so much paper that you have no time to do any real work. We're almost at the point where the president has to file something with SEDAR to go to the bathroom <g>. Canadian companies do not keep people- they do not train them- everyone is on contract. Young mining industry professionals can not make a steady living on contract and so they drop out and seek more stable work in other industries. I could go on and on... Canada has lost the art of exploration to the Aussies. I do not know if we'll ever get it back. The best thing that could happen to Canadian mining would be the Aussie's coming to town. Perhaps that is happening now with WMC in northern Quebec. Maybe WMC will teach the Canadian mining industry how to find something <g>! Bruce