The Northern Miner(Editorial) reports an update on the recent activities on Geologix Explorations,(TSE:GIX) a mineral exploration company based in Vancouver, B.C., Canada.
The editorial is quoted as saying:
Rather than bemoan the loss of San Agustin, the Geologix team decided to see the situation as an opportunity. The recession was forcing many companies to sell assets and, as president and CEO Dunham Craig said at the time, that created “. . . an opportunity not seen since late 2002 and early 2003, where significantly advanced mineral resource assets are available at discounted entry points ahead of what many believe will be a significant commodity bull market.”