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Gold/Mining/Energy : Copper Fox -- Ignore unavailable to you. Want to Upgrade?

To: louel who wrote (9613)	7/28/2015 10:39:34 AM
From: Metacomet	1 Recommendation Recommended By biggerbob68 Read Replies (1) \| Respond to of 10654

..had a long response that I lost Fort Hills/Teck must overcome competitive cost to produce..Saudi's will meet any market clearing price, cause they know this will be their last chance to sell the stuff..world is in the process of weaning itself from hydrocarbons Saudi's are smart enough to see this if Teck isn't cost to ship and handle/process diluent where to ship...landlocked unless 1st Nations agree to an ocean path...and so far they have been adamant in their opposition forget Keystone...US ain't going to permit it..unless the weather changes ..besides American producers will also be in opposition as they can directly influence that source of competition Hoping that Teck turns a profit on Ft Hills is even more far fetched than our hoping to make a buck on Copper Fox ..there will still be a need for copper in a post carbon fuel world

To: louel who wrote (9613)	7/31/2015 7:08:36 PM
From: radagast	2 Recommendations Recommended By biggerbob68 Hog Head Respond to 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.