Damn....I know folks who went there from Mackenzie. Kinda another kick in the teeth.

This shouldn't be a surprise to the people who got the boot. If they were naive enough to believe that they had job security, when most every newscast starts off with some gloomy snapshot of the economy, then they deserve every bit of hardship they get. It'll be a good lesson.

We've just started down the path of financial hardship. This will be as bad as the early 80's - lots of hurt coming down the pipe.

Anybody with a mortgage and lots of toys, ie: sleds, second vehicles, rv's, etc. Make the choice now, sell all that stuff, and concentrate on saving and paying off the mortgage.

People, you've been warned by someone who has made all the mistakes before. Heed the warning, or accept the consequence.

So much for the province falling back on the mining industry now that forestry has taken a big hit too. All junior companies have cut back there exploration programs this summer. There will be alot more layoffs in the months to come. Hopefully metal prices turn around in 2009.

Hmm, I thought we were told that the only thing holding back mining in the past was high taxes and a govt that was not "friendly" to mining companies.

Maybe commodity prices do matter after all.

Commodity prices, and you know, that global economic crisis everybody is talking about.

Just a hickup in the comodities. Here is whats going on!
-New bull market for gold emerging.
-large mines scaling back from teck cominco,taseko and the closure of kemess south in a couple years will put a dent in the copper suply.
-The demand for copper will increase once the auto companies start increasing production of hybrids.
-When any large mines announce cut backs it looks very good for any junior with good ore grades and a NI 43-101 resource estimate.

Good summary northman. Agreed. Gold has remained very resilient considering all the other turmoil that is going on. Never a bad thing to own gold.