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To: Canuck Dave who wrote (138361)	12/2/2008 3:42:14 PM
From: E. Charters	Respond to of 312983

Casey more or less had it right at the Toronto Investment conference. He also said about whomever got elected, "I pity the fool!" I know people are still making money in Copper since they are low cost producers. Many are in AA lava territory. AA is a type of lava which is named for the sounds you make when you walk on it. A-A. Golds are about it. Still and for a while, true to the 1930 experience. Many base metal mines closed in 1932, but some golds went into action at that time and the stocks became focal for a desperate market. It is different times, but I see it happening that we are returning to that sort of thinking. It would be a pity indeed if this coalition in Canada gets in and gets more restrictive on industrial production as they may think they have a mandate and responsibility to do. They weep about not enough subsidy etc.. not enough government programs.. but their solutions: gear up the hand-out machine while tying the hands of industry - as their track record shows, will not work. No industry can start, no jobs, more handouts, higher taxes reduced government revenue, more money printing and back to a destructive inflation cycle. The only money printing that works as Keynes pointed out, and the Chinese seem to have got it right, is massive spending on infrastructure, not the civil service. In a way allowing the flow through is a type of infrastructure for the mining industry. There are about 100,000 jobs.. good ones in exploration that were accommodated by that program. What they really need to do is get their head out of the no sunshine valley and see a way to protect investors right to production phase of the mining cycle. Let the industry figure out what it can mine. By the time the mine cycle has become mature, prices will have recovered to the point where they can make money. Brutally hard to have that kind of vision to predict price increases, but that is what is needed - a look forward. EC<:-}