The new currency is pessimism and with the sub prime, metals falling to unbelievable lows and continuing and talk of the resource boom being over...also the reliance on the china boom looks very shaky...its all a new game.
Yep...definately need to be producing..but even then...production costs seem to be outweighing the price they get for their goods and there seems to be no end in site due to over supply of commodities.
What to do?
Tread carefully...lots will shut down I reckon...may call bankruptcy...some will make it through...but speculation on commodities and specifically explorers has gotta be the riskiest of investments / trading these days.
Everytime I see "great nickel section found"...or something like that...80% of the time...I dont even read the news as the metal prices seem to keep fallign daily.
