Lets see what major mining houses think about the prospects for the future: after all, they have plenty of smart people and they are experts at evaluating the long term trends:
Anglo-American has $7.1 billion of approved capex programs; CVRD has $10.3 billion;
And when you add up the capex programs for only the Big 5, mining majors are expecting to spend $36 billion in capex over the next few years!
when looking at these capex commitments, clearly the end of the Super Cycle is no where in sight for companies like Bateman!