Given the enormous expenditures that are required to bring any mining property into production, the industry can ill afford a regulatory system which, by reversing already existent approvals, can nullify the value of funds already expended.

Also in the good news category, the current administration has taken many of our recommendations regarding much-needed regulatory relief to heart.

...we believe that these measures will also lead to diminished profitability, diminished tax revenues and, therefore, increasing calls for massive new economic stimulation which again, by historic standards, could well work to the benefit of the precious metals.

The changes we are seeking will most definitely help prospectors, small operations and dredgers. If you haven’t yet read our proposals, you’ll find a link to it at the end of the online version of this article.