OTCPK:EXSFF - Post by User
Post by
shallowtraderon Dec 28, 2013 3:51pm
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Post# 22042510
Thinkiing 2014 will be a good year for explorers
Thinkiing 2014 will be a good year for explorersMineral and metal prices are a key driver of exploration and deposit appraisal expenditures, as shown by the relationship between spending and the Natural Resources Canada (NRCan) Metals Price Index. Strong prices across a range of commodities have supported two previous peaks in expenditures, while the high price of gold continues to sustain a significant share of current activity. With the price of gold now hovering around US$1600 per ounce, the precious metals commodity group, with almost half of total spending, is expected to remain the leading target in 2013. The base metals group, at 17% of total spending, will continue to rank a distant second.