Reinventing your mining safety net..
As the largest gathering of mining professionals, the yearly Prospectors and Developers Association of Canada (PDAC) conference is usually a fair indication of the state mining is in. One of the biggest topics at the conference this year is surviving in seriously tough times. We know mining is in a slump, but who will survive it to the next rebound?
Even though the commodity boom is long gone, and we have yet to see a significant improvement in prices, miners are still comfortable talking about commodity price recovery. (Jessica Fung, BMO analyst). With limited price recovery on base metals, it will be an uphill battle.
Given the situati