From SNL "According to the latest Industry Monitor report, global drilling activity soared in September, marking the second monthly increase in a row. Overall, the total number of distinct projects reporting drilling jumped to 217, up from 143 in August and 38% more than in the year-ago period. The SNL Metals & Mining Pipeline Activity Index (PAI) rebounded sharply in September, from 67 to 81, reaching a 42-month high. Increases in drilling, project milestones and initial resources were offset only by a pullback in financing activity."
BLY Price at posting:
14.0¢ Sentiment: None Disclosure: Not Held