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Gold/Mining/Energy : Copper Fox

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biggerbob68

Hog Head

To: louel who wrote (9613)	7/31/2015 7:08:36 PM
From: radagast	2 Recommendations of 10654

It is Met coal price that has crushed Teck. That is their biggest loss. Copper is obviously hurting as well. HVC still churns a bit of profit at these prices but not sure about the South American properties. Zinc is the only bright spot right now. We need a rebound in coal and copper to get Teck's engine roaring again and I sure hope that starts before Fort Hills oil production. Until we see these commodities turn around don't expect any major decision at Schaft Creek. It has been nice getting the average down by picking up shares in the .10 to .20 range. You need to be in it for the long haul. Teck is looking like a great buy right now but just taking small bites as it could have another turn down. All the best.

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