Are We On the Verge of an Exploration Boom? | Pierce Points
admin | August 26, 2013 | Project Design Philosophy | No Comments
Australia’s business leaders think it’s time for more mineral exploration.
To revitalize the sector, the Chamber is calling on the government to change tax laws. Allowing exploration companies to “flow through” business losses to investors, who can claim them for savings on personal taxes.
But the focus on exploration shows us the undercurrents swirling in the business. As the Chamber notes, “Many people do not realise that the junior sector is critical to resource development, being the ‘engine room’ needed to find the mineral resources upon which the economy is so dependant.”
Miners are facing high costs–preventing the development of a lot of marginal projects. And yet they are also staring down depleting reserve bases. One of the only solutions to this “rock and hard place” is exploration. Aimed at discovering new and better deposits that can be developed for at more reasonable capital and operating costs.
There’s a good, economic reason for that.
Here’s to finding what you don’t have,
Are We On the Verge of an Exploration Boom? | Pierce Points
admin | August 26, 2013 | Project Design Philosophy | No Comments
Australia’s business leaders think it’s time for more mineral exploration.
To revitalize the sector, the Chamber is calling on the government to change tax laws. Allowing exploration companies to “flow through” business losses to investors, who can claim them for savings on personal taxes.
But the focus on exploration shows us the undercurrents swirling in the business. As the Chamber notes, “Many people do not realise that the junior
 sector is critical to resource development, being the ‘engine room’ needed to find the mineral resources upon which the economy is so dependant.”
Miners are facing high costs–preventing the development of a lot of marginal projects. And yet they are also staring down depleting reserve bases. One of the only solutions to this “rock and hard place” is exploration. Aimed at discovering new and better deposits that can be developed for at more reasonable capital and operating costs.
There’s a good, economic reason for that.
Here’s to finding what you don’t have,