Thursday, January 22, 2009

Geologists need not apply

The price of metals being 1/3 what they were just last spring mining companies are making tough decisions to stay afloat. Exploration is traditionally viewed as a capital expense with no short term income and is therefore targetted for cut-backs.
We just had a round of layoffs at our office and have lost some good friends. We don't expect any more cuts for now.
All the best to you guys. We'll be thinking of you.

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