BUX 4.08% 5.1¢ buxton resources limited

This second mining boom has been developing in WA for a couple...

  1. 1,790 Posts.
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    This second mining boom has been developing in WA for a couple of years imo.In fact mines have been shipping record tonnes of iron ore and we are currently the worlds biggest supplier of lithium. The biggest shock to the so called boom was the end of the construction phase . Well this is already starting again as the current mines come to an end and they have to rebuild at the next deposit.Hopefully this time they keep it under control. The previous boom set a dangerous precedent paying stupid rates of pay which allowing people to live the life of Riley, many believing it would never end.Then when the music stopped and they were forced back to Joesville on about one third of the pay then  the bank foreclosed on the big mansion the Marloo ute and the jet sk destroying many a family uniti.Regrettably our state government fell for the same trap so a lot of people suffered twice.I just wish our pollies would insist that we value add the huge resources we have in WA instead of exporting a top product and importing it back at an inflated priced poor quality end product
 
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