Here is an excellent article by one Patrick Johnstone who charted the history of politics in BC and the price of metals over that same period and dollars spent on exploration which he contends gives an insight into the confidence of mining companies.
He concludes: Then I ask you, does it look like the government in Victoria has as much effect on the amount of mineral exploration money spent in BC as the global metals markets? Who was more responsible for the jump in the late 1970s- Bill Bennett or the Hunt Brothers? Was Gordon Campbell responsible for the value of gold taking off after 2001? Was the NDP responsible for Bre-X?
Even the greatest “socialist” insult to mining exploration – the dedication of the Tatshenshini-Alsek Provincial Park, which killed the massive Windy Craggy Mine project – is hardly a blip in the exploration-investment graph (it took place in June, 1993), despite what the Fraser Institute may say. I added that arrow, only to contrast the impact of the Tat announcement with that of the Bre-X fraud. (Funny, the Fraser Institute site returns no searches for “Bre-X”).
So unless Adrian Dix has the power to single-handedly manipulate the world metals markets, I will treat the “NDP will kill mineral exploration” meme as just another case of political hyperbole that doesn’t fit the data.
--http://nwimby.blogspot.ca/2012/09/will-ndp-kill-mining-in-bc.html
