The Outlook for the Mining Industry

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Recently, Resource Opportunities posted an article on the future of the Mining Industry. After what he considers  be a “dismal year for the resource industry,” he believes the market has reached the bottom. So, is the industry headed for happier times? Here are some excerpts from Mining Industry Outlook

Everybody wants to know when the market will turn. The little upticks at the end of both of those charts provide some cause for optimism. Those charts and others like them have shown false starts over the past year. That might be the case here again, but there are a number of factors suggesting an upturn in the not too distant future.

I’m not expecting a sharp upturn, like we saw in early 2009. The resource market at this time is very different than we have ever seen before. There is a huge and growing divergence between those junior resource companies that have real assets versus the thousands of other companies which have good intentions of making a discovery in the future but at this time, they have neither a discovery nor the cash to fund a discovery…

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