Wayno knows the longer he waits the cheaper contractors will become as China slows. China was a consumer of 40% of worldwide copper production.. This will decrease dramatically in the near term.. The Japan rebuild which according to conix was going to send copper through the roof never eventuated much like his other predictions.
Westrack a supplier to the mining industry has started to lay off workers. This will become a common sight over the next 12 months as the boom subsides..
So IMO if you want to build a mine or buy some equipment it is about to get cheaper.. but the savings may never offset the loss of income over the same time period..
Mines are going to find finance much harder over the coming year also IMO..
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