Searchlight Resources Inc (SCLTF)

[dtstx]

Thanks for the info, pepper.

One item I found of interest in the info that you posted that can't be overstated or simplified is this:

"Many leading mines across the globe that were developed over two decades ago are yielding ore with less and less metal content. Production at Escondida, the world’s largest copper mine, is anticipated to drop as much as 10 % in the next 12 months because of lower grades."

The commodities business will always be behind the curve. New projects take time to bring on line as has been discussed in numerous publications.

In the oil business i.e. low cost projects will be implemented to take advantage of the margins afforded by the cyclical market. Major projects will be implemented with a longer term projection to justify capital expenditures.

Now we have copper mines ramping up to take advantage of the increased margins with lower metal concentrations which will drive costs up also. As the supply/demand imbalance reverses (relaxing the price) these older mines will either have to scale back/close down as the economics dictates.

I know we're all aware of this but it should enlighten us to the point of how well positioned CNYC is with the anticipated resources on the property, that will eventually be proven out, and the lack of foreseeable competition to take advantage of this up cycle.