Explor Resources Inc. (fka EXSFF)

[texaslady]

Below is what came to my email. When I clicked on the link shown below, I could not get it to come up. I googled Marquest Resources Insight and found the January 2013 article referred to. It is long, with charts etc. I tried to copy it and could not. I will go back and try to find the exact site for you and maybe you can find it.

Marquest - Resources Insight - Volume 2, Issue 1 2013 - Explor Resources Article

The Long Term Commodity Cycle Has Time to Run

Commodity markets have protracted multi-year bull and bear market periods caused by the long term supply/demand factors which significantly influence investment cycle in the industry. The resource extraction business requires substantial amounts of investment capital as a resource moves through the exploration, capital investment and production stages. In the mining industry it can take over ten years for a mineral discovery to come into production. These long lead times create significant swings in the inventory cycle which causes extended periods of over and under investment in the industry. The long term commodity cycle is marked by under investment and low inventories at the bottom oand over investment and high inventories at the top.

There have been four long term secular commodity bull markets since 1900. The first two occurred during teh two World Wars (1900 to 1920 and 1933 to 1951). The last previous cycle was 1968 to 1981 which was driven by the inflationary environment of the 1970's. The average age of the past three bull markets was 17 years. As can be seen in the chart on the following page, commodity bull markets tend to occur during periods of sideways to declining equity markets which suggests that the economy is in a challenging environment......

.......continue reading the article and see the charts by clicking on the link below....

http://www.explorresources.com/_resources/pdfs/Marquest_ResourceInsight_Feb
2013.pdf