Investors regain confidence in mining exploration ABC Rural Virginia Tapp Posted Tue 8 Oct 2013, 5:17pm AEDT
People investing money in exploration companies are gaining confidence according to a junior explorer prospecting in North West Queensland.
drill rig 1 - Posted Tue 8 Oct 2013, 5:17pm AEDT
PHOTO: Drill rigs are a common site across North West Queensland which is still considered a highly prospective region. (Association of Mining and Exploration Companies)
Drill rigs are a common site across North West Queensland which is still considered a highly prospective region.
Syndicated Metals are developing a copper gold deposit near Mount Isa, and have had to sell land tenements and enter partnerships to stay afloat in recent years.
Managing Director Andrew Munckton is confident the worst is behind them.
"The retail investor is seeing light at the end of the tunnel, it's been a very tough time for retail investors and investors in general over the last 18 to 24 months particularly in the resources sector.
"People are starting to see that the green shoots of recovery are starting.
"While the mining industry construction boom has finished, the production boom is starting."
Ends.
SMD Price at posting:
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