TSX:TECK.A - Post by User
Comment by
VOKBLVRon Nov 21, 2018 1:11pm
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Post# 29005614
RE:I'm not wrong , I'm only late ! Teck will get slammed hard .
RE:I'm not wrong , I'm only late ! Teck will get slammed hard .Very difficult to understand your pessimism. Zinc inventories show zinc in deficit this year. Price of zinc has been well over $1.00 /llb for about a year with strength at about $1.20.
Copper LME inventories near 5 year lows with price at about $2.80/lb with Teck costs sub $2.00/lb.
Met coal prices have stayed at . $140.00/tonne with costs running about $80.00/ton. Oil looks abit rough at this time and even if Fort Hills does not look too good for the balance of 2018-there are 50 yeaars of reserves and the plant is in place and paid for. The economic collapse you are waiting for may come but if Teck goes to $3.65 I would bet that your house would suffer a similar decline in value and the price of Teck shares would be the least of your worriesif you are long the market.