Teck Cominco Ltd. (TSX:TCK.B) is suspending dividends, slashing capital spending and selling assets as it struggles under a massive debt ...
Producer of copper, molybdenum, and germanium, as well as zinc and lead concentrates
We don't have massive debt.
We also have Windfall gold, (gold will go through the roof)
We also have platinum, pallatium, Rhodium (precious metals)
We have Chromium (needed for stainless steel). There is no substitute.
With copper when you are doing electrical cabling in buildings you can use pure copper cables or the cheaper aluminum/copper mix. Choice is there.
In the 1970's gold rush the mere mention of gold affected the stock price UP. You could have taken the crappiest gold stock and still done very well. Predictions are this will come again.
I bet we will hear "Windfall this and Windfall that "quite a bit in the very near future... Just the mere mention of the word Gold...
IMHO
Take care all.
Holding my NOT for better days.