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2016 exploration to drop another 15%

SNL has no doubt there was an exploration boom and is equally sure it's over

2016 exploration to drop another 15% 2016 exploration to drop another 15% 2016 exploration to drop another 15% 2016 exploration to drop another 15% 2016 exploration to drop another 15%

The lack of investment in exploration continues to build the foundations of the next boom

According to SNL's survey of almost 1,800 companies, each with an exploration budget of over $100,000, 2015 was the first year since 2009 that the global exploration budget was less than $10 billion.

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