The performances of resource sector heavyweights BHP Billiton and Rio Tinto over the past three months indicate that the initial shoots of a resource sector...

Gavin Wendt

The performances of resource sector heavyweights BHP Billiton and Rio Tinto over the past three months indicate that the initial shoots of a resource sector recovery might well be underway. BHP has recovered from a low of $30 to a current price around $37 (a 23% recovery), whilst RIO has recovered from a low of $50 to a current price around $62 (a 24% recovery). The recovery has been generated by better economic news emanating from China, coinciding with solid performances by key commodities. The lack of new project development now, particularly due to the funding crisis, is sowing the seeds of the next leg of the resources boom.


Gavin Wendt

I have been a senior resources analyst following the fortunes of the mining and energy sectors for the past 25 years - previously working with stockbroker Intersuisse and financial group Fat Prophets. I am also Executive Director, Mining & Metals...

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James Marlay

Gav, I am going to be in Perth next week so very interested in what the conversations will turn out whilst I am in town. I'll be sure to let you know but something of interest to me is the funding coming into some of these juniors from the R&D rebates. Money that couldn't be raised in the market right now...

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