Good comments. I appreciate these.
Regarding the increase in supply, I cannot be sure without clearly stated numbers. A trend I am noticing is everywhere I look I see a mine that is increasing production. Some of these mines are set to double production in 2-3 years.
I would guess that the impact will not be enormous. However, it would be excellent to see the definitive numbers to be certain. I could probably spend 1-2 hours and find 10+ mines that will double production in 3-5 years or less. 10+ mines are not very many, but one must wonder how many there are planning to do this overall, especially if I can find 10 so quickly.
Now, of course, planning is one thing and execution is another, but still, this seems to be a concerning trend. I am probably overly concerned, and in the end, I will probably throw together some numbers to satisfy my nerves.
Perhaps, this weekend, I will take my challenge and try to find 10 mines in 1 hour. If so, I will post them here along with their anticipated increase in production. That, in comparison with the last few years' production numbers should give a good idea of whether there is any further worthwhile pursuit. Do not hold your breath, of course. I may decide to do other things.
