The Cyclical Nature of the Industry

The mining industry is characterized by its cyclical nature, leading to periods of both boom and bust. During booms, there is a high demand for geoscientists, resulting in significant employment opportunities, but as the cycle shifts to a bust, many workers face redundancy. Historically, up to 60% of geologists in regions like Australia have found themselves unemployed due to these cycles, emphasizing the industry's instability. This precarious balance not only affects employment but also has broader implications for the industry's operational practices and investment strategies.