Rising Commodity Prices Causing New Turmoil Through The Mining Sector
( Article doesnt mention BLY specifically, but must have connetations for BLY products)
" The upward spiral of the commodities boom is racing ahead at full speed. Depending upon whom you talk to, the labor and drill rig shortage is either very bad or worse than you can possibly imagine. If there are commodity inventory shortages right now, what happens by the end of this year, or later this decade, if current exploration efforts get grounded because companies lack the trained personnel, the proper equipment and the expertise to explore and/or develop their properties? You can’t run a drill rig if you can’t get your hands on one. You can’t drill the property if you can’t find drillers to run the rig. While commodities prices soar to levels not seen in twenty or thirty years, the tight labor and equipment market could ratchet prices to much higher levels. And junior uranium development companies, with proven pounds-in-the-ground assets, should become sought-after acquisition targets by those who have the staff and drill rigs to bring the projects online.
http://www.a1articles.com/article_1160442_19.html
BLY Price at posting:
$3.15 Sentiment: ST Buy Disclosure: Not Held
