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<p>[QUOTE=&quot;quick dog, post: 94745, member: 4093&quot;]All that is true, but there is still pressure to develop existing resources and reserves as the price of metals go up.</p><p><br /></p><p>Secondly, American mining companies seldom fully report mineral resources to the government.&nbsp; The Republicans eliminated the Bureau of Mines in the mid-1990s.&nbsp; Even then production ststistics were often imaginary.&nbsp; Unfortunately, there are legions of Local, Federal, and State politicians (mostly anti-business Democrats) and county assessors looking at corporate mineral reserves as unsecured property.&nbsp; Proven reserves are taxed in many jurisdictions.</p><p><br /></p><p>Thirdly, and related to the taxation issue just mentioned, there are speculative mineral resources that go unreported, or undeveloped, all over the world.&nbsp; Mining geologists may know, or strongly suspect, that a mineral deposit may exist in the subsurface, but everyone keeps the lid on it to avoid competition from other companies or interference from government agents and their environmentalist associates.&nbsp; When the price of gold amd associated metals continue to rise, mining companies re-evaluate thier cash-flow and mineral resource positions.</p><p><br /></p><p>Fourthly, whereas here in the United States environmental zeolots and their government associates have crippled or destroyed various segments of the mining industry, including essential construction and industrial mineral facilities, few restrictions on mining exist in the third-world, Russia, China, Mexico, and to some extent Canada.&nbsp; The United States typically spares no expense in limiting or destroying its domestic heavy industries.</p><p><br /></p><p>I still think there is more gold out there to &quot;exploit&quot;, which was the traditional mining term for the softer contemporary word &quot;recover&quot;.[/QUOTE]</p><p><br /></p>

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