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<p>[QUOTE=&quot;Clawcoins, post: 2614786, member: 77814&quot;]The shale oil industry is a group that can be used to correlate how operations are modified.&nbsp; When oil prices were high new wells were created left and right.&nbsp; When prices fell the industry stopped and closed wells that were below operational profit based on production costs.&nbsp; Others they learned how to operate much more efficiently.</p><p><br /></p><p>I would think any mine and the industry in general would operate the same fashion. if price per oz of pulling and processing the material is greater than the market value out the door, then they try to become more efficient, lower production to use cash to bridge gaps, or shutter for some time frame.&nbsp; </p><p><br /></p><p>if one just searches for &quot;how many silver mines have shut down in 2016&quot; you can find articles about this system ==&gt; <a href="http://blog.bgasc.com/silver-mining-production-set-to-plummet-in-2016/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://blog.bgasc.com/silver-mining-production-set-to-plummet-in-2016/" rel="nofollow">http://blog.bgasc.com/silver-mining-production-set-to-plummet-in-2016/</a></p><p><br /></p><p>I don&#039;t know anything about the mining industry but I&#039;m sure standard business economics come into play sooner or later.[/QUOTE]</p><p><br /></p>

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