January 31, 2012 – Vancouver Sun
The replica bull on the floor at the Vancouver Resource Investment Conference last week symbolized the type of market that suffering resource investors hope is about to break out. The imposing animal’s lack of motion was also apt – the TSX Venture Exchange has plummeted almost 30 per cent in the last year and a staggering 50 per cent from highs reached in March 2007.
It’s been a prolonged period of pain for junior mining investors, but the suffering certainly hasn’t been limited to Howe Street. Canada’s benchmark S&P/TSX Composite Index, made up of Canada’s largest stocks, lost 11 per cent in 2011.