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Some mining companies (including BHP and RIO) that have relied mostly on surface mining are now...

Some mining companies (including BHP and RIO) that have relied mostly on surface mining are now going deeper, allowing them to continue using mining, processing and transport infrastructure even after the surface deposits are depleted. New technologies and the high price of commodities are making the unusually-deep mines financially feasible, but going deeper isn't without its risks.
Comments (9)
  • remurraymd
    , contributor
    Comments (2287) | Send Message
     
    In these times of currency debasement with analysts like Guy Adami of CNBC Fast Money predicting $2,000/ounce gold by fall deep exploration will be even more practical over time. We are making excellent profits trading (NUGT) in @ $7 2 weeks ago out at $14. Now re-loading $10-11. An excellent vehicle for the nimble trader. (NEM) with a 3% dividend and (GLD) remain our safe investing choices buying big pull backs only.
    12 Jun 2012, 05:28 AM Reply Like
  • sean.parmelee
    , contributor
    Comments (790) | Send Message
     
    Grossly misstating your entry points isn't impressing anyone.
    12 Jun 2012, 02:42 PM Reply Like
  • PalmDesertRat
    , contributor
    Comments (2941) | Send Message
     
    took some profits off the table today,sold some xme at 41.86
    2 Jul 2012, 10:40 AM Reply Like
  • PalmDesertRat
    , contributor
    Comments (2941) | Send Message
     
    took some xme profits today at 40.04
    31 Jul 2012, 09:50 AM Reply Like
  • PalmDesertRat
    , contributor
    Comments (2941) | Send Message
     
    took some xme profits today at 46.19
    13 Sep 2012, 01:49 PM Reply Like
  • PalmDesertRat
    , contributor
    Comments (2941) | Send Message
     
    took some xme profits today at 47.50.. took profits in many other positions.
    14 Sep 2012, 02:34 PM Reply Like
  • PalmDesertRat
    , contributor
    Comments (2941) | Send Message
     
    bot some xme today at 43.11
    25 Sep 2012, 03:40 PM Reply Like
  • PalmDesertRat
    , contributor
    Comments (2941) | Send Message
     
    took some xme profits today at 46.36
    17 Oct 2012, 11:57 AM Reply Like
  • PalmDesertRat
    , contributor
    Comments (2941) | Send Message
     
    bot some xme today at 40.54
    15 Nov 2012, 12:40 PM Reply Like
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