Outcrop at Twin Peaks, WA
Exploration plays a vital role in
keeping the industry alive, just
as research and development is
critical for growth in any industry.
“
For the price of a month’s wage bill,” explained Ian, “the
company was able to add the emerging Orinoco to Trafford’s
investment arm”.
Looking into the future, exploration will remain at the core of
Trafford’s business model. “Exploration plays a vital role in keeping
the industry alive,” said Ian, “just as research and development is
critical for growth in any industry”. It is also good for Australia,
he added, given the accepted multiplier of seven lucky dollars
returned to the economy for every dollar extracted from the ground
as new wealth.
Australia’s fortunate position at the forefront of the shift to an
Asian economic era means Ian remains optimistic about Trafford’s
direction, and plans to maintain the pace of growth demonstrated
this year by expanding operations in South America and iron ore
exploration in WA.
“
We are very proud of the fact that we are still in growth mode,”
he said. “Trafford is developing despite industry malaise and is a
strong, enduring, well-run and serious exploration company.”
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