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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (6322)	1/28/2004 10:17:43 AM
From: I_C_Deadpeople	Respond to of 110194

Something that may be creeping up on these older mines that has to be considered. Given the low commodities prices up until the last while we know that few new mines were constructed. But as cash flow was negative or marginal on most existing mines, did these companies invest in preventative maintenance? If 'normal' maintenance was put off, delayed, cancelled whatever there are ALWAYS consequences down the road. The mining equipment will become very susceptible to failure. Just a thought. No way to prove or disprove this but when you start hearing about these types of mine problems that is what comes into my head. I work at a manufacturer and when we 'push' equipment past it's normal maintenance schedule it has often bitten us in the ass later as the equipment fails and the cost is much higher than the preventative scheduled maintenance would have been. Save a penny now, but it may cost you a dollar later.