| Copper Stocks…Why It Pays to Have a Global View |
Thursday, 4 July 2024
 | | By James Cooper | | Editor, Mining: Phase One and Diggers and Drillers |
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Twitter (X): @JCooperGeo [6 min read] Dear Reader, Mining stocks are risky, so why not keep life easy and stick with a commodity ETF? ETFs offer simplicity and peace of mind. To show you what I mean, here’s a rundown of the dilemmas faced by mining stocks: There’s the weather; flooding rains can have a massive impact on production. When mining haul roads become quagmires after flooding rains, machinery can’t operate, tracks become too slippery, and the risk of accidents rises. Earlier this year, we saw the effect across northern parts of Western Australia with unseasonally high rainfall. But that’s small fry compared to the geopolitical risk… Miners gambling on developments in frontier locations face constant threats from political instability and rapidly changing mining laws. And unlike other businesses, producers can’t pack up and shift operations to new areas. Yet, even if a company is in a ‘tier-one’ location like Australia or Canada, it may face hefty permitting restrictions. Environmental regulations are important; rogue miners are bad for the industry. At times, though, permitting can become so restrictive that it makes projects unviable, which pushes mines into frontier locations where regulations don’t exist. That’s a poor outcome for companies, shareholders, the local people, and the environment. Then there’s the constant threat of operational delays and breakdowns…too many risks to list here. But here’s one example… Western Australia contains extremely hard, silicified rocks that can present major challenges for milling and crushing machinery at mine sites. Engineers are in a constant battle with the natural elements. So, why would anyone invest in a miner? Why not play it safe and stick with a commodity ETF? Here’s why… Continue Reading... Advertisement: Will this no-name stock rule the ‘Aussie Mining Boom 2025’? It’s showing all the traits, ambition and foresight that Andrew Forrest’s Fortescue Metals had in the early 2000s. Market cap just $270 million. And a gameplan that’s addressing many of the same challenges Fortescue Metals Group faced in the 2000s. This very small company is about to unlock a very big deposit. The largest of its kind IN THE WORLD. Its potential has arrived from nowhere, busting into ‘Tier 1’ status and attracting mining behemoths…including Rio Tinto. This has all the makings of a classic rags to riches story. Click here for the full take. |
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 | | By Bill Bonner | | Editor, Fat Tail Daily |
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[3 min read] Dear Reader,
‘Dying all the time ‘Lose your dreams and you will lose your mind ‘Ain’t life unkind’
Ruby Tuesday, The Rolling Stones
Poor Joe Biden. He’s gotten old.
Here’s the New York Times on who might take Joe’s place:
‘Kamala Harris Could Win This Election. Let Her. ‘The obvious, logical path out of the mess President Biden created with his disastrous debate performance is for him to bow out with honor and endorse his young, vigorous and talented vice president to stand in his stead.’
Who are some of the other leading candidates to replace old Joe? Michelle Obama. Hillary Clinton. Two of the three were catapulted to political fame because they were married to presidents. The other was chosen, probably because she was born Black, female and Asian, to be Joe Biden’s Number Two. Continue Reading... All advice is general advice and has not taken into account your personal circumstances. Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment. |
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