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Are We Heading for a Mining Boom?, page-5

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26/04/18

13:29

Post #: 32694574
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Originally posted by Spired ↑

I'm in the mining industry director level truth be told its in recovery not in boom as of yet if RBA has an increase before EOF then it will move towards boom levels. I have only seen a +24% increase in comparison of last FY when boom days in relation to current figures would have to reach for +78%(T) extremely possible don't get me wrong but really still only in recovery and still "choppy"

Yes coal is almost back in boom levels once we see another +20$pmt, gold is in the same sort of position and so on and so on... I'm sure you already noticed this with some commodities still lacking (stock piling) its all really now down to the RBA if we brake away from recovery.

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"if RBA has an increase before EOF then it will move towards boom levels."

A boom resulting from an increase in the interest rates? Or an interest rate increase in response to a boom? In the first case I cannot see the logic behind it.
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