I agree J, as at Sept08 update 26% of Bly's activity (ie mining) is attributed to exploration. Exploration expenditure reductions have mainly occurred with the minor miners and these miners represent only 20% of Bly's customer base. The likes of BHP (80% of customer base) are still spending well in the area of exploration.
Hane.
I agree J, as at Sept08 update 26% of Bly's activity (ie mining)...
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