SmartCentres Real Estate Investment Trust T.SRU.UN

RE: BHP

[LANNY9]

Really Tommy, no buy out before Christmas?  I don't remember saying that there would be!  I did not say that it would happen in the next year but the markets will turn and profits will start coming in again and a big shortage of metals will become a reality again.  China is still growing at 9%, India at 6-7%,  that is3 billion people needing al the metals that they can put their hands on.  Chinaright now is stock piling all base metals in hopes to get tehm cheap and not have to pay the high costs down the road.  Now who should I believe when it comes to future demand and supply, the Chinese government or Tommy boy?  Since China has at it's disposal probably thousands of economists, compared to Tommy who would want to be thought of one, i think I will go with China.

Future demand will far outstrip supply, not only because the mines are being shut in right now, but because the world will need new mines to come on board and the exploration business right now is not doing well.  With cut backs in exploration comes less mines coming on stream once the world's economies turn around.  This has happened before and it will happen again and Starfield will be in a perfect position at that time!  The lesson here is that the world will need much more metal than what will be made available even after all the shut in mines are re-opened.