TSX:SRU.UN - Post by User
Post by
whittdav21on Jan 16, 2002 12:50pm
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Post# 4643431
Some new twists on mining investing
Some new twists on mining investingI,ve recently read an article by Dr Keith Barron who writes extentively about mining in general. He placed a couple of new perspectives on mining in general. The gist of which is:
(1)In the past mining booms, the world wasn't opened (investment wise) as it is today, Russia, China, internet disemination of information etc. The amount of investment dollars were much less than what you would see in the same boom today.
(2) Most of the monies that would normally have gone into mining exploration ended up in dot com/tech areas.
(3)As a result, large mining companies don't have the reserves they would normally have. So there are increased shortages worlwide.
(4)There is really nowhere else for investors to invest right now.That is anyhere with any kind of a safety floor under him/her.
(5)In the last dot com/ tech bull stock market, there was wold wide paricipation which is why (plus don't forget the media)we had such massive over valuations. We will get the same world wide investor/media participation in the next mining boom which is close at hand. SO THE NEXT MINING BOOM MAY BE DIFFERENT FROM ANY OTHER MINING BOOM THAT HAS EVER BEEN SEEN.
Please include this world view of mining with all the positive inside SRU information/DD that you gathered. GO SRU GO.
Dave