/biz/ - Business & Finance

Someone asked for something juicy that they can sink their teeth into. Here goes.
Many coal mines are no longer hiring miners from out of state -- AT ALL! Not even with 10 years of experience operating all underground machinery. No exceptions.
Also, MSHA 40 hour underground coal mining classes are now being taught in Spanish. The migrants coming across the border are technically, in most cases, considered legal migrants because they claim to be "asylum seekers." So they can get a work permit.
I suspect the coal mines want to go on a hiring spree replacing white miners (they're mostly white) with Hispanic ones.
The days of coal miners making $120,000 per year might be coming to an end. Maybe you'll have 5'4" Guatemalans mining the coal for $40,000 per year.
Every coal job application asks if you're Hispanic or not, and asks your race. DEI has slowly been creeping into the coal industry.
Maybe I'm wrong. Maybe I'm being overly vigilant. Who knows!
But from what I'm seeing, I'm suspicious.
If the coal industry starts making white miners train their Honduran replacements and then slashing wages -- and coal companies have an UGLY HISTORY for being ruthless exploiters -- then I'm out.

>>57433637
If many experienced coal miners do get the boot in favor of our new "asylum" residents, then they should go to China, Indonesia, India, Russia etc., who love American coal mining expertise.
But from what I've seen, most coal miners almost shit their pants when I suggest going to mine in countries like those, because "Where's muh MSHA."
I do like coal miners but think safety regulations have perhaps gone too far. I'd go to China and work Chinese coal mines. I don't fear death and my close family are gone, sadly. So I wouldn't mind dying doing what I love.
Plus the vast majority of Chinese miners who spend decades-long careers in the mines and don't die.
I'd also willingly go to Russia to mine coal, or Indonesia -- wouldn't be too fond of India, though.

>>57433643
I had to edit this comment to avoid auto-censorship from 4chan that called it spam.
I had a section where I bashed on India -- why I wouldn't want to go there -- because it's disgusting both in terms of hygiene and its social system.
Strange
Perhaps the pajeets rule all!

Can I just walk into a mining site and ask for a tour? I want to actually see what the inside of the earth is like

>>57433688
There are "tour mines": old mines, no longer active, that have been preserved for tourists to visit.
As to active mines: no. Sometimes if you apply for a mining job and are seriously considered, they'll give you a mine tour.
I knew a safety manager who gave his wife a mine tour on a day the mine was idled. He had the authority to give mine tours, I guess, but he probably wasn't supposed to do that.
In short, it's hard to just get a tour of an active mine.

>>57433688
Are you interested in getting into mining?

Is the March QQQ put Gary told me to buy at 395 gonna expire worthless?

do any of you actually own any stock in the ETFs in the op? i just checked them out and almost all of them are in a decline

>>57434382
I own Alpha Metallurgical Resources and CONSOL Energy mainly. Bought when they were a few bucks a share in 2020 and have made a very handsome profit.
I am cashing out most of the stocks now to buy a lot of precious metals. My small house is paid off too. It's all I need.
Coal, I think, will see a resurgence for the simple fact that it is the most abundant and easiest to use, transport, and store energy resource in the world.

>>57434389
Gotta get me a few of these

>>57434382
No. I'm just swing trading steel companies.

>>57434382
I have URNM, anything else is in standby until recession.

>>57433688
its best to call their site office and ask if a tour is possible. Its an absolute pain in the butt when random people show up on site unannounced.

I'm that close from selling my 500 oz box of silver to buy a nasdaq etf
when the fuck is this piece of shit going to perform?

>>57436382
>investing in generational wealth trying to make a quick buck
what the heck is wrong with people?

>>57436413
Thought the point of investing was to make money

>>57436433
The point is to buy low and sell high

>>57436483
yes, and it never goes high

>>57433637
That was me. Lassenigger
I'll be able to ow into it after Tuesday. You wouldn't believe how much time and effort it's taking to recover. It's always something. Wound dressing changes, physical therapy, occupational therapy, stretching, medicine, meals, even pissing and emptying a illiostomy bag are time consuming as fuck.
I'm hoping that I'll be assigned to a wound doctor Tuesday and some of this place will change along with changes in medication so I'm not seeing double vision or so stupid. I'm thirty IQ points lower since the wreck.
I'd like to apologize to everyone for not being as active here as I used to be. Some of it I can't help, sometimes I just didn't care about anything under the sun.

>>57433764
Have you tried sucking dicks under a bridge?

>>57437026
No need to apologize, brother. Just take your time to recover and feel better soon.

Looks like US / Iran war is inbound!

>>57437112
that would suck as Iran is no failed state like Afghanistan

>>57437112
The US has been itching to get even with Iran since 1979. And Iran is itching to stick its finger in the US's eye.

>>57437186
Iranian proxies just spat on american forces in Jordan, i think were going to only see escalation now, both groups are too out for blood now.

>>57437263
Yes, this has the potential to escalate.
However, war in the Middle East is so unpopular now in the US that I think Biden will try to avoid an all out conflict with Iran. He's been very reluctant to respond even to the Houthi attacks on ships.

>>57437112
Buy oil now

>>57437186
Wagging the dog. The us/uk has controlled iran since the 20s. Maybe earlier

Read every book this man ever wrote to understand why and how

>>57437492

I just sold some crypto and stocks and have $2100 sitting idle, I'm thinking about buying some more FLNG (bought 5 stocks like 2 years ago for shiggles). Stock price has been holding around 30 per share for a while and I've been doing some research today on the company, they seem pretty solid in their outlook into the future with their brand new ships (that they're currently trying to pay off quickly) and mostly fully booked charters going into the 2030's for some ships. That fact aside I'm curious about what may happen with Biden's recent stunt in Texas where he's fucking with our LNG exports. I don't know if it would help or hinder the shippers profits. Less being traded from US but also maybe higher prices and higher profit? Also the Red Sea shit going on. Any thoughts before I pull the trigger and pour my small stack of shekels into FLNG?

>>57437026
Sucks to hear about the poopsock but good that you can still piss at least. Must be good to be home at least?

>>57437430
I've been almost entirely all in 3x oil since calling the ICL by like 3 days back in December. Bring on the war. $100 oil minimum. It still hasn't outperformed my fucking SHLE position though.

Hope you niggers have been buying oil.

>>57437971
What is your average entry on shle if you dont mind me asking.
I'm glad you asked, it's nice to not be in a hospital. But unless things change soon I'm gonna move all my assets properly and blow my fucking miserable brains out. I can't live like this

>>57437971
Tell me what oil play to take a position on and how much to risk on it. I want to research transport of o&g but idk where to start or if it's even worth the time

>>57438024
>What is your average entry on shle if you dont mind me asking.
Not at all, my average is 4.802CAD so I'm up 67.63%. Not quite the 423% since you first brought it here but it's not bad, thanks.

>I'm glad you asked, it's nice to not be in a hospital. But unless things change soon I'm gonna move all my assets properly and blow my fucking miserable brains out
I hope they do change man, hang in there and give it time. Fucking easy for me to say of course but getting out of the hospital is a big deal so enjoy the change and relative freedom that comes with it. Any progress is good.
Do they still give you the good stuff or do you have plants at least now you're home?

>>57438077
>Tell me what oil play to take a position on and how much to risk on it. I want to research transport of o&g but idk where to start or if it's even worth the time
Not really something I can help you with sorry man. I only really trade ETFs nowadays coz individual companies rustle my jimmies. The only thing I hold right now that isn't an ETF is SHLE.

>>57438316
Hydrocodone 10mg. But I have subs that are deeper and more impactful
I've been reading the archives for weeks to catch up on what I missed while I was in a coma and the period shortly after that so Ive seen your etf love
What etf should I buy to get that sweet 3x oil leverage with you?

Have you done any o&g transport research? I know nothing but I'm interested now

>>57438316
Forgot pic but this is my life now. Changing a leaking shit bag. I have shit on me daily

>>57434331
>>57433763
kind of. im interested in pyritic coal because i have a manufacturing business and im experimenting with new formulas for fertilizers. i need to do research with fresh pyritic coal but i need to really see how it appears in the mine, what it's frequently associated with, and i want to do my own assays. IF my tests show the right stuff, i would theoretically need a steady stream of pyritic coal. so i could make a deal with a mine or i could potentially mine it myself? no clue.

so... wondering how i can do that. could i contact the license owners of inactive mines and pitch them? do i just get a job working in a coal mine for a few months just so i can see it myself? really lost.

100 years ago i wouldve been able to walk to a mine and work with them directly. now it seems like mines are run by the biggest corps in the world. maybe im wrong about how approachable they might be though.

>>57438432
>Hydrocodone 10mg. But I have subs that are deeper and more impactful
Nice
>What etf should I buy to get that sweet 3x oil leverage with you?
I'm not sure what the ETF is for oil leverage on the NYSE, I can only trade LSE ETFs so I'm in 3OIL. Someone here will know though
I don't know how your broker works, but for me I just type in "3x oil" in the search bar and it comes up with a list of any relevant tickers. There'll be one that's easy enough to find, just be careful with the leverage coz the wiggles can cut like a bitch, I've already got quite a nice cushion for it at least but they are still scary.
>Have you done any o&g transport research? I know nothing but I'm interested now
None whatsoever, sorry. I've seen it talked about I think though so I'm sure there are others here who can be of actual help.

>>57438452
That's rough man, but you can beat it. I hate platitudes but I legit believe in you brother.

Enjoy your own bed. Goodnight for now, speak soon.

>>57438575
Working in a mine wouldn't work for that kind of project. They wouldn't let you just start taking coat out in large quantities for your own purposes.
Also, reactivating a shuttered mine costs a fortune, so I don't think that would work either.
Your best bet might be to pitch your idea to an established coal company, or several of them, and see what they think.
As for high-sulfur coal, the best place is the Illinois Basin: Illinois, western Indiana, and western Kentucky.

Looks like a geopolitical pump starting, would be nice if London and NY don't smash it when they open

How much longer, I can swallow any more horsey sauce

>>57437532
just download the pdf of the book. He was clinton's handler. Clinton thanked him when clinton gave his nomination acceptance speech at the DNC convention, its near then of the speech.

>>57437026

>I'd like to apologize to everyone for not being as active here as I used to be.
>Have you tried sucking dicks under a bridge?

>I'm thirty IQ points lower since the wreck.
so your into negative IQ territory now?

>>57439335
Approaching zero kelvin

>>57438754
im local to the region, so that would be great if i could get in to one of the mines. do you recommend just calling the mine site itself or calling a corporate office?

i only need about 2k lbs for a proper assay and id be willing to pay market price etc etc. i just need to get in there and see exactly what i want (ie, i need coal that specifically has lots of pyrite vein in it, the same type of coal that is probably being considered unfit for consumer burning)

Interesting article on steel and "green" steel. With green house gas government pressures in parts of europe, they're using hydrogen instead of coal, to pull the oxygen out of iron ore. Instead of co2 this just produces water vapor. It costs about 30% more though.

They say by 2050 we'll need about 1/3rd more steel production worldwide. Currently steel produces about 7% of green house gas. I personally think 30% is a huge premium to pay. Right now steel is about 1000 bucks in America, nobody is going to pay 1300 to call it green. That said, maybe government pressures will force that to be the case.

https://www.ft.com/content/c882fe91-8ed4-47ed-a219-b6328036c20c#comments-anchor

>>57434382
GDX, SIL, XME, and VAW for general commodities. They're always disappointing and I wish I'd split all my dry powder between just VOO and URNM. I'm too prideful to get out now though.

>>57433629
What are some good lithium companies? Cheers frens

>>57440328
Water vapor doesnt change the environment:)
Right?
I'm sure India and China are gonna stop using coal as well

Holders what are your positions?

wagmi

Insallah 2030 has been retaken from the infidel bobos

>>57441262
JNUG JNUG

>>57439335
He's still bringing up the average while people are holding the horse

>>57441256
That's a good question. I imagine it's better than co2, but, I'm not sure that it doesn't have any effects in large quantities. India and China are also looking a hydrogen based production as well, but I think it will come down to the cost. I suspect right now that only the EU would be stupid enough to mandate a process that's significantly more expensive after a time of terrible inflation though.

New steel produced using the hydrogen process in China:
https://oilprice.com/Energy/Energy-General/Next-Generation-Steel-Offers-Enhanced-Performance-for-Hydrogen.html

It's been over half a year since I even so much as looked at /biz/, how is everybody? Still alive and hanging?

As for me I'm currently reading a book about the global coal markets with a focus on thermal. While I'm already a shareholder of two coal producers I feel like I need to get a better understanding of especially the thermal market. So far I've concluded that Chinese and Indian demand will continue growing and exceeding domestic supply and that most of their imports will come from Indonesia which is the biggest exporter. But I find it difficult to figure out whether the demand destruction in more developed nations or the production growth in Indonesia will outpace demand growth or not. The massive increase in LNG export capacity may also eat thermal coal's market share which may be another risk for prices in the next few years. I don't think coal demand from other big importers like Japan, Taiwan and South Korea is going to go away anytime soon but a glut in LNG could incentivize power plant conversion. Of course, the broader energy demand trend is clearly increasing but thermal markets could see some turbulence.

Met coal has a bright future no matter what I think, it's a consistently higher premium product that has a more constrained supply and inelastic demand outside of a global depression. As such I'm holding Glencore and Whitehaven both of which have recently made accretive met coal acquisitions.

I see there's a coal miner professional in the thread today, what does he think? >>57433637

>>57441159
I haven't really had time to look at the lithium space but considering that battery metals are in a bear market due to oversupply (and likely to remain that way for at least a year or two), I'd instinctually go with the big boy Albemarle. Or maybe Liontown. But not yet

Natural gas down over 20%. Anyone thinking of getting some exposure to it?

>>57442421
Already have via ARC resources but cautious about a potential LNG glut in the next few years. Still, the construction of many LNG terminals connected to the NA pipeline grid should be a tailwind for natty for now due to increased demand and higher benchmarks imho

Second on natural gas

>>57442341
>But I find it difficult to figure out whether the demand destruction in more developed nations or the production growth in Indonesia will outpace demand growth or not.
High IQ posting is not allowed here

ARLP bros I don't feel so good.

>>57443796
>net income green
>no EBITDA
huh?

nothing suspicious here

Select sands on the move today
If I were a swing trader I would be tossing thousands at it and pulling back out when it goes to penny town

I've lost so much money in 1st Majestic

>>57444668
Are you the frac sand chad? I remember discussing some of those oilfield services companies with you but ultimately I didn't invest since the sector is so unfamiliar to me. I hope you bought and held
>>57444684
I for one am finally getting interested in opening a long position. For the past four years I didn't like First Majestic because it was too expensive. Now it looks cheaper even after the blunder with the Nevada mine. Similarly looking at Sibanye Stillwater now that it's finally more appropriately valued and now that platinum and palladium are tamped down (though South Africa is a risky place)

>>57444684
-53% here, not selling until I double

Speaking of First Majestic it seems like it's getting to be about time to finally buy silver equities I think. Discovery Silver, Pan American, Hecla, maybe Fortuna or Eloro or AbraSilver etc.

Nobody wants anything to do with silver right now. The market is dead. Long live the market.

>>57444749
That's me
Lassenigger
I didn't do a ton of oilfield services research if I recall but my memory is shit. Pretty sure I stopped when I fell into frac sand. Did you ever do any digging into o&g transport? I wanna get into that digging soon as I have some time. Hope you've been doing well and bringing home the bacon, brother.

Let's see who got it
>>57444444

>>57444979
Nah I didn't bother reading much about o&g services and midstream didn't appeal to me. Shipping industry is a whole other beast and while it would pay to get a better understanding of the space when investing in commodities I haven't yet gotten to it, though the coal book I'm reading has a chapter dedicated to dry bull shipping so I'm hoping I'll learn something of use there. Of course dry bulk carriers are for coal and iron ore etc and not oil but still
>57444444
wasted

>>57444940
Do you like cowboy hats? I've got information I can share about a man with a sexy accent and a fine name for his mine, if you are interested

>>57445033
I'm sorry, my name is Karen and therefore I absolutely despise cowboy hats

>>57445025
Yeah, sadly transport isn't a commodity so these guys aren't terribly interested in it. I've seen it brought up but hell I can't remember what or when. Not much in the way of keywords to use to search the archives either. Maybe it's for the best. I've got not time for anything but physical therapy and changing bandages

>>57441159
IONR, LAC, PLL, ALB, SQM, XOM.

>>57444043
It's called a "motivated seller"

>>57444940
>Fortuna
with $2k gold these guys are absolutely killing it with their new African gold mine

last 2 months tough on Brunswick

>>57445872
>last 2 months tough on Brunswick
Where is that smug BRW faggot?
> sEe WhErE bRuNsWiCk Is In A yEaR
He got outwitted by a retard.

ChatGPT data analyst is pretty cool for loading spreadsheets to find correlations.

Does anyone have a list of all strategic investment made by the Lundins? Not their companies but companies they invested in. If there isn't such a list, any name that comes to mind will be appreciated.

>>57445980
He put his faith in pump and dump con artist GV. GV can get people to chase for only so long and then he rugpulls his retard followers

>>57445779
Better yet the market hates it!

>>57446291
I don't know how conclusive this list is but:
FIL, NGEX, LUN, LUG, BSR, HSLV, FWZ.

>>57446291
>>57446687
Oh also JOSE. Must be others too maybe

>>57442341
What's the book called?

>>57436382
Nasdaq ath. Silver low and showing strength.


Yeah sounds like a good idea.

Snowline Chads can't stop winning

>>57446687
>>57446959
I'm aware of all of these also I think JOSE is NGEX now, thanks either way.

>>57447146
It's at its ATH 80% of the time faggot, unlike silver that's been dead in the water for 13 years

>>57447130
Economics of the International Coal Trade: Why Coal Continues to Power the World - Lars Schernikau

By the by, lots of big moves both up and down today in junior miners. Probably ETF rebalancings.

>>57448237
>He didn't throw down in March 2020 when it crash and sell in summer of love that same year when it doubled
Got strike while the iron is hot. I bought a $500 fv sack of junk quarters for $7600 and sold it for $13,500. Almost doubled. Don't be mad

>>57448437
>bro I timed the exact bottom and top and did a x2
if you had bought literally anything else in march 2020 you would've made double the profit anon

>>57440328
>>57442338
Love your steel apus anon. But this concept of green steel is retarded because water vapor is a greenhouse gas and the largest contributor to the greenhouse effect. It's more anti-co2 posturing (which reductionally is anti-human / depopulist) than it is helpful long-term. The only economic benefit I see is gov subsidy hunting, like was seen past couple of years with the "inflation reduction" act. Infrastucture spending tends to be bipartisan, but progressives like to add on climate-focused reqs.

What is Gary saying today?

>>57448495
Thank you. Why do they want "green steel" if water vapor is a greenhouse gas? co2 is also so they figure it's progress? Very confused.

>depopulist
The funny thing to me is that steel is basically one of the foundations of society at this point and it CAN'T stop being made or else we would have to slow growth dramatically. It's like the people who say we're supposed to not use fertilizer when half the nitrogen molecules in our bodies are man-made (and require processing ammonia, often using fossil fuels, to accomplish). If we stopped doing that, half the world starves.

>. The only economic benefit I see is gov subsidy hunting, like was seen past couple of years with the "inflation reduction" act. Infrastucture spending tends to be bipartisan, but progressives like to add on climate-focused reqs.
One thing that surprised me about Biden was that he really didn't go that much back on the import tariffs on steel. I mean, he did roll things back some, but, it wasn't a free for all. I think Trump would be more aggressive at supporting local steel, but, Democrats aren't the globalists they once were.

https://www.wsj.com/politics/policy/us-europe-trade-relations-849fe23a?mod=Searchresults_pos2&page=1
( https://archive.is/03Yrn )

It makes me think steel prices might start to lift, especially considering all these infrastructure projects in the pipeline. And the electrification of automotive process is going to take a lot of steel...grids will need a lot of work.

>>57448481
I did. I bought brass, primers, and smokeless powder to make bullets

>>57446392
>GV
Nah, Barry Fitzgerald is more his speed, an industry puff-piece merchant. Imagine reinforcing a flawed thesis with that whore's work.

>>57445980
this is a great lesson to all on commodity cyclicality. It's easier said than done to buy low and sell high but it's nonetheless an essential skill in this sector.

redpill me on XOP and how it's related to conflict, war, and world war 3. I want to invest in the shitshow coming.

>>57449040
>great lesson
Indeed.
To believe that a bubble will always continue to inflate is the height of suckerdom. Imagine leaving 70% of your profit on the table in the hope that the bubble will reinflate.

>>57449147
>To believe that a bubble will always continue to inflate is the height of suckerdom. Imagine leaving 70% of your profit on the table in the hope that the bubble will reinflate.
I could imagine this post in a shitcoin thread being a thread killer bait post

>>57448627
>Why do they want "green steel" if water vapor is a greenhouse gas?
Because the general populace is under-informed and co2 = bad for a large, non-negligible portion. It's a lot easier to pass more complex objective agendas under the guise of climate. See most recently the pause on new LNG terminal licenses. Publicly it's for climate, but it's functionally a protectionist policy to keep natgas low at home at the expense of global competition.

>Biden's surprising protectionism
I don't think he's the one making decisions necessarily, but to me the reshoring, nearshoring, and friendshoring is set up for a bigger global conflict. I think they know what's on the horizon and having a closer & more secure supply chain is a grand-game objective currently.

I do share your outlook on the future of steel. Something interesting is on the longer time frame it tends to oscillate about gold, at least going back to 2009 w/ tradingview's data

>>57449107
>redpill me on XOP
Very diversified oil exploration & production etf. Good equity exposure to price of oil. Could give some decent gains for lower risk if oil spikes on conflict.

>>57433688
I work in commercial construction and have some ties to mining, which has allowed me to get into active mines and processing facilities but I also meet the requirements to be there. Maybe if you know of someone in the industry they can get you onto an active mine.

I went to Cripple Creek, CO to the gold mine there and it was a great tour, lead by their 3rd generation miners, 1000ft mine shaft with a lot of cool exhibits. Worth the trip.

Coal bros…

Nat gas looking primed

Nice, Rick Rule just gave a shoutout to Trillion, “very attractive”

Whats everyone's thoughts on the Panama canal drying up? One of the worlds most important trade routes is in dire shape due to prolonged drought. If it continues, Panama will no longer be able to operate the canal.

>>57449774
>See most recently the pause on new LNG terminal licenses. Publicly it's for climate, but it's functionally a protectionist policy to keep natgas low at home at the expense of global competition.
Yeah, that seemed like a way to have a gluttony of natural gas here to keep inflation down.

>I think they know what's on the horizon and having a closer & more secure supply chain is a grand-game objective currently.
That makes a lot of sense. Scary.

>Something interesting is on the longer time frame it tends to oscillate about gold, at least going back to 2009 w/ tradingview's data
I will look into this, thanks! I've been trying to learn as much as I can. Still pretty new to steel but I feel like there is a lot of potential here, especially with it's seemingly solid leading indicator (scrap, since that's the main input into the mini-mills/ electric arc furnaces).

I did some correlation analysis today using iron ore futures and VALE, and found they have a 0.79 correlation using data back to 2016. The problem is, from a money making standpoint, that the iron ore doesn't seem to move first enough to trade VALE off it. Need to keep digging. Maybe with some technical analysis (which I don't know well) combined with the high correlation... not sure yet. :/

>>57450288
Pretty wild. I mean right now the Red Sea traffic is really low, everyone is going south. Then you have the Panana Canal problem. I think a lot of shipping contracts come up in March, if I remember correctly from when people were talking about shipping during covid. A lot of stuff can come into California, but, you know what a mess those docks are (let alone the rail system).

Speaking of the rail system, this graph really amazed me, seems like rail transport is really going down compared to trucking.

>>57450470
Jeez I wonder why Gates and Buffett have been piling into CP so much in recent years with those type of fundamental drawdowns, doesn’t look good. Although freight rates for trucking have been moving southward since mid-last year too.

>>57449774
>it tends to oscillate about gold,
I will run some correlation data this week. I do see something there comparing hot rolled coil to gold spot, especially more recently. Covid messes with a lot of data too, sometimes I wonder if I pulled 2020-2021 out if I'd get better info.

>>57450542
The bit of research I've done on it the cost of shipping is the least expensive by water, then rail, then trucking. And it's significant differences. That's why a lot of pipe yards and stuff are built on rivers or at least have rail access. I think one factor rail is weakening is probably the cost of fuel. We have just incredibly cheap fuel prices in America. I remember people going nuts in like 2008 or so about fuel prices being 5 dollar a gallon average (oil got up to 150/b I think), and if you think about it now we never actually got back to that peak - especially when we adjust for inflation. I mean in order to get back to that peak it would need to be like 7-8 bucks/gallon AVERAGE. I think the cheap fuel has just made us that much more reliant on trucking. The rail system also is probably slower and that contributes. I've also noticed we focus less on rail access these days, like factories always used to be near railroads and now I see a lot of industrial areas with no rail access.

Maybe Buffett and Gates are betting that eventually fuel prices will spike back up and we'll seek cheaper shipping methods. I mean right now shipping has gone absolutely nuts, I think I spent 60 bucks shipping Christmas gifts this year. Not saying that would go by rail but really makes me think that at some point we might say we'll take a slower method of travel for less cost.

>>57450470
only half the normal number of ships are allowed to transit right now, causing huge backups in regional shipping. Shipping costs have ballooned in price, to the point that some shipping firms are now switching to the Drake Passage route instead, adding 11 days of shipping time on route.

>>57450288
Never a better time to move manufacturing back to north America

>>57450687
I wonder when we'll start to see this roll through inflation... and how we can profit from it?

>>57450750
its likely already partly priced into inflation, though i am not sure how to check that
>>57450698
i completely agree!

>>57450614
Trucking is also popular because of the cost-savings associated with Just-in-Time shipping. The leas times that rail and water shipping requires can result in inventory costs eating up your savings in shipping costs.

>>57450437
I think what you're missing with Vale is that it's a Brazilian stock, so you have to take forex into account. The relative strength of the home currency of the company compared to what currency your shares are priced in has a noticeable effect. For example, if your shares are priced in dollars, but the company is canadian, then usd/cad will move the share price alongside the business.

>>57450614
>correlation data
I like to look at lots of things priced in gold for an absolute measure of value, as it factors out currency noise. You'll notice some interesting patterns like oil's secular downtrend, but currency devaluation masks it. If you look back at the ratio chart >>57449774 you'll notice that steel jumped with the tariffs and strong US economy of 2017-2018, but 2019 slowdown culminating in the lockdowns pushed it below bounds. The recovery above the the bounds of 2021-2022 reflects the overly stimulated economy and it's since returned to range.

>shipping
& for >>57450801
Small observation but the shipping prices look like they are cheaper the more "bulk" form of transportation is, which also has the least friction and least specific destination. There's a kind of efficient beauty shipping cost scaling up with energy & precision of delivery.

>>57450760
I don't think shipping costs feed into inflation if the companies don't have the same pricing power due to falling demand. In this macro likely it'll squeeze margins rather than push prices. PPI up, but CPI flat or down.

>>57449800
Thanks for the referral. Will check it out!

>>57450150
Source

>>57449989
Ah fuck.
I can't believe you've done this.

>>57452157

Go to 30:55 mark
https://m.youtube.com/watch?si=sGCOAuFVJmFKT9--&v=srdLztjb76g&feature=youtu.be

Abrasilver back into its post-Mileil election zone

>>57452832
Very similar drop in Dolly Varden as well. SILJ rebalancing it seems

>>57452832
ABRA and DSV are in buying territory now.

>>57450950
>I think what you're missing with Vale is that it's a Brazilian stock, so you have to take forex into account.
That's true, and I would like to look into a US iron producer to study more because of that. But what I meant was actually that VALE moves near perfectly with Iron prices, but with no time-delay. So, by the time I see iron go up, VALE has already gone up too... so it's not easy to make money off that unless I see some momentum.

I'm trying to find /leading/ indicators for scrap, steel, and steel stocks to trade off of, so sometimes just correlation isn't all that helpful if it doesn't clue me into what the next movement could be next. I am starting to gather some trends that I can use to probabilistically make some decisions, but, it's early days.

Of course, there is also macro events (like tariffs or chinese dumping steel on us) thatI need to learn about. Like if X happens, what might happen to steel. Like if we get into war with Iran, is that good for steel? I need to start learning these things.

>I like to look at lots of things priced in gold for an absolute measure of value, as it factors out currency noise
That's really interesting. I'll add that to my spreadsheet.


...
In other news, Nucor beat earnings.

Is there any way I can gain exposure to mainly nickel prices?
Like for example vale is the biggest nickel producer but their main product is iron.
So is there like a vale but for nickel?

>>57452987
>US iron producer
No such thing, look at the Aussies

>>57453069
Nickel price will stay supressed in short to medium term. If you want company that will not only survive, but stay profitable, look at Nickel Industries. Australia-listed, Indonesia-based. They are both miner and producer and they have ability to switch between class 1 and class 2 nickel products. They just had a great quarter, increased dividend and started buyback. Maybe too much exposure on China, but overall it is the best pure-play option, especially in this nickel market.

>>57453358
Brilliant, thank you!

>>57453358
Never heard of this company somehow. Thanks anon

nice assays

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1171-tsx-venture/bex/155086-benton-receives-further-high-grade-copper-results-including-5-81-cu-over-24-00-m-at-great-burnt-project-in-newfoundland.html

Speaking of nickel, a nickel junior I follow posted some good results yesterday. I only wish the nickel market gets beaten up harder so I can enter this at a cheaper price.
https://ir.lifezonemetals.com/news/press-releases/news-details/2024/Lifezone-Metals-Announces-Discovery-of-Additional-High-Grade-Nickel-Mineralization-at-Safari-Link-Area-at-its-Kabanga-Nickel-Project-in-Tanzania/default.aspx

Would you trust this guy with your mine? We're taking a vote, reply to this post with yes or no.

Short to pay for my university re-admission fees, just lost job, i don't have any way left to manage, I try my best but i failed. Any help will be appraciated.

I really want to continue my educational career. Can anyone bring a helping hand towards me to pay my fees?

>>57455095
try a bit harder in your english classes next time ranjeesh

>>57456034
Sorry for that, I am really depressed, not being able to manage anything, don't want to lose my career

Steel having a big movement down today. This was predicted earlier: >>57390852

HRC -10% at 960 today, scrap up slightly at 490. I'll watch scrap closely to see if we start to get some upward pressure on steel. Only $15 up today is not enough for me to put any money in. Steel stocks doing great today though, I guess because of Nucor's earnings? Bit lost there.

>>57453096
Thank you. Adding to my list of things to investigate.

https://www.mining.com/hecla-mining-looks-to-grow-into-latin-america/

Looks like Hecla has big plans in south america.

>>57459116
>Mexico

>>57453666
Every hole they have dug has hit big.
I have no idea why the price has remained stagnant.

>>57459442
If there is no money going into it, it won't go up. Whenever a company makes gains or has good news investors will sell and move into other companies. The mining industry is just moving money from one side of the bath tube to the other.

>>57459157
Mexico’s next pres is a Jewish woman. Argentina’s pres is a Jewish man. If you think the globalists are not preparing South America to become the future of the world you’re retarded.

The dollar will be adopted by South America a la euro because it’s dying.

>t. son of the man in charge of the central bank of a south american country

This is a larp

Looks like GSVR is also part of the SILJ $640M re-balancing collateral damage too. Bought some around this area last week, let’s see what happens. El Cubo will kill it this year if silver mainly stays above $23 according to their internal cash flow projections.

>>57459157
Mexico's alright

Collective Mining has done it again - made snowline baggies look like utter buffoons!

>>57460624
how so?

IT'S OVER

Lads, going over some old files and tidying up my hard drive. Here's a gem from Feb 2022. Pretty much every fucking ticker on this list would have lost money, except CCJ, Sprott, and USO

>>57459487
>>57459157
I've been meaning to DCA into EWW for over a year. Got my work's deferred profit sharing going into intl and emerging equities, so I should have some exposure as it is.

>>57461091
Encore has 4x since then, unless this is pre- reverse split

>>57461126
>>57461091
This is from March 31, 2022
Not sure when I actually sold these, but I accounted for splits and R/S and projected it forward as if I held these until today. Not great choices.
It's amazing, only oil and uranium actually had any longterm legs.

Mind you, this is about 2 years from when I started investing and didn't have any fucking idea what I was doing. I'm still not consistently profitable on my trades, but at least now I'm not in any danger of beclowning myself on new trades

>>57461183
Oh, found another with sand/materials I was looking at. Ended up making a few hundred off of Holcim. I think I will re-enter the materials space if there's a pullback, a lot of companies have been doing well (Vulcan, etc)

>>57461205
Speaking of materials, it seems SALT has significantly cooled down from its lofty highs. Almost -90% from the top and now valued at C$56MM. Looks like a decent buy considering the FS has a NPV5% of C$1.1B

>>57461091
>>57461183
Many of those tickers were terrible on their own but yes, junior miners have dropped significantly from two years ago

>>57462841
And that's part of the learning process
Honestly I'm happier to mostly focus on sector etfs at this point

>>57462918
For me it's still stock picking. Especially now that prices are so low across the board. Even producing companies with robust cash flows are selling for cheap right now. Can't complain, I'm hitting the ask.

>>57462918
>>57462952
Seems to me like the juniors go up when rates drop or when there is fear. So, maybe if the Fed drops rates soon we'd seen juniors pop back up for a bit. I haven't dug too deeply into individual miners but the few I did look at were literally a guy got a loan to grab some equipment and go mine on some land he has mineral rights on. Very shaky. From speaking to some people who know more than me, most small miners that are actually healthy companies aren't public, they're private. For such a small operation it's easy enough to get a loan as a private company and the hassle of having a public one doesn't make sense for the outcome.

>Attention catching pic

>useful link
https://www.geologyforinvestors.com/

>>57460971
Everyberg. Singlebaum. Timeowitz.

>>57464188
checked

Just came back from the bank. Deposited €4k. Looking forward to slurping some stocks but maybe just €1k this week, don't want to piss away all of my cash optionality. If I had blown my load two years ago I would be deep in the red and unable to take advantage of the current low prices (which may get lower)

Can someone help me to pay for my university semester exam fees? I have only 18 hours left, short of 1300 usd, just i don't want to lose my entire educational background. Can anyone may help?

>>57465264
sent ;)

>>57465272
What did you sent? are you joking? I don't understand what you sent

>>57465264
>short of 1300 usd
you should have bought Bayhorse, you would be rich by now like the other Bayhorse investors. Never doubt CMMG's DD.

>>57465441
My situation is not like this. I am completely broken. But I really want to continue my educational career, need to pay my fees within 18 hours or else I will be dropout, can any of you help me out from this?

>>57465463
ok sent ;) you're welcome!

>>57465472
What did you sent? are you joking? I don't understand what you sent

>>57465493
I'm dead serious. I sent.

Snowline frenzy building since National Bank initiated coverage a few days ago

>>57433688
You can visit salt mines in eastern Europe like Wieliczka, Bochnia, and there's some in Romania and other countries too
Not sure about other minerals

>>57465697
What did you sent?

Breaking News. Steel HRC down to 961 currently, scrap was up slightly yesterday but haven't seen my potato chart update yet. I wonder how the FOMC meeting will influence things.

>>57465765
Nudez

>>57454962
Yes

>>57465957
Keep us updated bro. I think China and India are probably the main drivers for the steel markets right now, also if renewable investments come back online that should be very bullish for iron ore and steel (and ironically enough, coal). The last two years have been brutal for wind projects because their return on capital employed is so shit that even after all the subsidies and handholding they still weren't economical in the current interest rate environment

>>57454962
yes.

>>57433629
I'm all in on Deep Sea Mining 64000 shares of TMC

>>57450698
What are the odds the Americans halt LNG exports on some bullshit "climate" reason for this purpose?

>>57468816
basically nil. LNG exports enrich the US government.

some news that could effect a lot of projects in BC
https://www.mining.com/alaska-tribes-seek-rights-in-british-columbia-to-protect-unuk-river-watershed-from-gold-mining/

>>57466994
Thanks. I've still got a lot to learn about the Chinese and Indian markets and how the tariffs influence things. Seems right now, and I could be wrong, that our import restrictions combined with fairly high iron ore prices are preventing an inrush of Chinese steel. If industry slows even more drastically in China due to their real estate troubles and/or iron ore drops enough where integrated steel manufacturing becomes more economical, we could reach a tipping point where China is just super over capacity and they have to dump their overage on us. However, seems like even Biden's administration is being fairly protectionist now. Iron ore and American steel have a moderately positive correlation rate of .64, I used data from today back to 2016. I think it would be more if we weren't 70% mini-mill production/electric arc furnance/recycled steel here. Overseas some places are only like 20% EAF. At some point I'll look into Chinese, Indian and European steel prices and run correlation analysis to see how those ties vary from place to place.

>The last two years have been brutal for wind projects because their return on capital employed is so shit that even after all the subsidies and handholding they still weren't economical in the current interest rate environment
Listening to Steel Dynamics and Nucor's earning calls, they both pitched that onshoring of manufacturing and public works projects (including upgrading the utilities) are keeping demand strong. Steel is used for all the utility poles, piping, and such. I imagine we'll need lots of extra utility enhancements for the electrification of automotive, but I do wonder if that process will be slower than originally planned.

My thought is that with recent government elections in South America, and one or two of them feel like they're installed by the CIA or have US support. Makes me think they're securing copper and some oil supplies from down south

Sorry for being away. I got banned for posting on /pol/ asking why so many threads are obsessed with big black dicks and cuckolding. They said I was spamming. I guess the jannies don't like it when the obsession with BBC is questioned.

>>57471580
A thought: stainless steel production will likely remain strong due to low nickel prices as nickel is an essential component in stainless steel. I admit I don't know all that much about steel manufacturing so much of the nuance goes over my head but China still has pretty strong growth and India's growth should begin to resemble the Chinese boom of the early 2000s with consistent double digit GDP growth. So longer term at least the demand is there.

>>57468816
They want to destroy western white people so 100%

>>57471085
Looks like Skeena may be on sale soon.. these tribes know they can evoke sympathy from the more liberal members of the BC caucus so they play to that. If that doesn’t work, they will create a bigger fuss until it’s a national story and then the feds will likely get involved and next thing you know all mining operations in Canada could have even more red tape where it wasn’t prior to this. This will be a pivotal case.

Hahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha!!!!!!!!!!!!!!!
Where is this faggot?
KOLDFAG wins again.

>>57465957
Could you make a Pepe/Apu in a coal mine?

>>57472155
as a note, that groups been whining for years about mining and has little to no real pull, but there could be other changes that would have serious issues on mining / all industry in the province coming down the pipeline soon. It will be interesting too see how the courts handle two different band groups with different opinions.

Is it possible that when war breaks out, there wont be any more minning as all resources will go to the war effort. And most operations will shut down for political reasons. the remaing mines could be targets for attacks.

In that senario the worl'd supply of gold/silver will be what evry is currently present in cisculation. Also, Nations may start to hoard precious metals as it may be the only way to pay for goods and services. This is a risky gambit though because the price can easily crash as well because shiny rocks just dont have any value in wartime becasue wepons and tangible supplies are more valuble.

>>57472366
That other guy was insufferable, well done koldfag. He'll be back, though.

Kazatomprom's updated guidance came out today. For those yet uninformed, they reported a month ago that their projected production for 2024 and 2025 would be negatively affected due to being unable to secure sufficient supplies of sulphur used for ISR operations.
>2023 guidance: 20,500-21,500tU
>2023 realized: 21,112tU
>2024 original guidance: 24,500-25,500tU
>2024 revised guidance: 21,000-22,500tU

As expected the worst FUD that production would decline relative to 2023 was totally unfounded, but the revised guidance is a definite walk down from original projections. The company also said that if sulphur shortages continue to 2025, production guidance would be affected next year as well but they've begun moving forward a sulphur plant project of their own to remedy future sulphur tightness.

This news is good for both Kazatomprom (production grows slightly or stays still for a year or two while uranium prices improve) as well as the broader uranium market (world's biggest producer's production is lower than expected causing further tightness in supply)

>Gary fliped bullish 2 days ago
>david fliped bullish today
Unironically dangerous top signal
Perhaps it's time to be the 10th jewish man in the council

>>57474014
U stocks pre-market are all up +6% to +10%. 2024 will be a big year for these stocks.

>>57472378
it's dusty down here.

>>57475255
I want to reenter KAP myself after seeing confirmation of the production guidance. Sadly it went up +10% all at once but I still think it has room for a very comfortable double at least. The div yield is like 4% and with the higher U prices and flat production I am confident they could double that dividend in short order. Should be a comfy long term hold

Smart sand on the way down
Putting in order for $1.65 if it goes that low this time. It's low beta doesn't necessarily reflect the volatility of their stock price

Snowline up again on their way to a $15+ buyout

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2659-tsx-venture/scot/155230-scottie-resources-intercepts-6-89-g-t-gold-over-5-8-metres-at-scottie-gold-mine-p-zone-target.html

Scottie out with another intercept, not to big but another good hit none the less.

>>57475937
Brilliant!
Thanks so much, fren

>>57475937
>No pissed pants
That's how you keep a job right there

Why is there not that much excitement over Benton Resources?
They've had amazing results over the past few months yet the stock has stagnated.

>>57474014
Only Kazatomprom could miss production by 15% and go up 10% because of it.

TCF has some insider buying after being in the dump for a while. Be warned though, management is a bunch of retards

Coal lump, coal bump

>>57482083
I like to see natural gas prices rise and coal prices fall. This is good for the coal market in today anti-coal environment.

Steel prices rose slightly today after their big drop on the 30th. I think the next move, up or down, will tell us a lot about what is to come. If scrap has a decent move up, that's going to raise the production prices for the EAF/mini mills, if scrap goes down, then I think steel will continue to drop. My estimate is that steel (HRC) will continue to drop. It certainly looks like that from the chart, anyways.

>>57479487
anytime fren

>>57480363
no pee pee today.

>>57482262
..and here is a tighter view. Scrap a bit up today, but, I still feel the pressure is downward. We'll see...

>>57480904
Yep. Just goes to show how undersupplied the uranium market is. Even Paladin's Langer-Heinrich mine won't fill that supply shortfall caused by Kazatomprom's production issues. -10mlbs vs +6mlbs, still -4mlbs less in the market than what was projected originally

>>57482144
So are you in Teck, Conoco.. which companies or ETFs interest you?

>>57482320
I just have investment in Alpha Metallurgical Resources and in CONSOL Energy. I have recently sold most of my shares in these two companies to convert to precious metals and have some cash liquidity on hand. I can survive a long time on this, but work anyway because mining rules.
But I am mostly out of stock investments.

>>57482320
Teck isn't a coal producer anymore. Those assets belong to Glencore chads now.

Recent price action for NFG following yesterday's drill results seems to indicate sentiment is returning and the big run many expected is finally close

>>57480722
haven't looked at it but those high grade copper intercepts do interest me.

>>57482460
The whole gold market was up yesterday. Gold also pumped. It seems the market is now taking a rate cut as a matter of eventuality and gold equities are also stupidly cheap (even some majors selling at less than -50% from ATHs) relative to gold which is at near ATHs

Lets play guess the commodity

S&P Global Podcast - Dirty Secret: Coal demand continues to grow

https://podcasts.apple.com/ca/podcast/ihs-markit-energy/id1372993807?i=1000643820395

>>57482601
4 is coal (bottom equity is Whitecap)
1 is gold maybe? What's the shitco at the top, you've bet pretty heavily on it
3 is potash, those are Nutrien and Mosaic and some shitco (get BHP too mate they're bringing online almost half of Nutrien's potash capacity by 2030)
No idea about 2

>>57482478
Gold just doesnt want to fall below 2k despite the best efforts of certain interests, very promising

>>57482709
Whitehaven*

>>57482709
Nice, didnt expect you to get the actual stocks. 2 is lithium and the shitcoin at the top is AGE.

BHP's been on the radar for a while, I had no idea they were going into potash, will get some if thats the case. cheers

>>57482746
Yeah BHP as you may know has begun to scale off from coal a bit (Daunia & Blackwater sold to Whitehaven) and their corporate strategy is to move into "future commodities", they have a world class potash mine which should have capacity to produce first 4Mtpa, then 8Mtpa by the end of the decade. Nutrien's capacity is like 22Mtpa or so although they're only producing about half that. BHP's entry into the potash market may actually be a slight headwind for Mosaic and Nutrien in the medium term. I also expect BHP to be one of the likely bidders for the Fission/Nexgen uranium projects later.

I'll check out AGE thanks

Oh not a bad intercept for Thesis Gold!
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2870-tsx-venture/tau/155214-thesis-gold-drills-60-00-metres-of-4-53-g-t-gold-including-19-00-metres-of-10-39-g-t-gold.html

>>57474014
Let's put it into perspective. The 2006 Cigar Lake mine flood caused an 18 million pound shortfall, which kicked off the 2006-2007 bull run.

If 2025 is as much of a miss as 2024 production, that's as much or more missing pounds than what Cigar Lake caused. Cameco's numbers come out in a week, and there's speculation they will also miss production.

Uranium is primed to go into a super bubble.

>>57482459
they should interest everybody
they're doing a new round of test holes this month

>>57482331
I might buy some Peabody stock, maybe a thousand shares or so, just because I like Peabody. Twentymile is a very fine mine, and so are El Segundo and Francisco.

>>57482875
Well I'll temper my expectations. There's a decent chance Kazatomprom is able to secure enough sulphur for next year for at leadt some production growth, and there is some production coming online in the USA and Namibia as well as Niger. Demand remains very strong however and the longer term demand fundamentals are also very bullish. The easy money trade is far behind us and we're well into the awareness phase.

>>57482779
What do they consider to be 'future commodities' and what time horizon should we bek looking at for these to reach full potential? Thanks in advance.

>>57483359
>There's a decent chance Kazatomprom is able to secure enough sulphur for next year for at leadt some production growth
Except they need to seed the ISR deposits with the acid a year to two years in advance before extraction and processing. The gigabull is on.

>>57483411
Anything to do with population growth, electrification, and renewables and less evil carbon though I suspect BHP would like to keep a foot in the door with regard to met coal. So potash, uranium, more iron ore and copper, battery metals like lithium or nickel for instance. Time horizon to get from here to there, probably a decade or so happening at a steady pace. Remember it takes about until 2030 until Nexgen's Arrow starts operating, same is true for the full 8Mtpa capacity at BHP's potash mine. In the mean time expect more investments into iron ore, copper and battery metals assets as well as continued shareholder returns in the form of dividends and broad exposure to a basket of commodities as usual

>>57483445
Hot damn I forgot about the leaching period. I wonder how that differs when increasing the amount of acid in an already operational wellfield. I suspect it's lower than when beginning a brand new operation, but I simply don't know enough about the technical side to make that statement. You bring up a great point.

>>57483469
The faster they try to process the acid solution, the less uranium they recover. And a lot of their active deposits have hit peak production and are on the decline already.

>>57482848
Hi PAN MAN. If you would, please tell me about British Columbia's coal mines and coal quality. It is not something I have read or heard much about, being in the U.S. But I might have an opportunity to do some maintenance at a BC coal mine in the future and am very interested in what the coal is like up there. I understand that it is excellent metallurgical coal.
Here in the U.S., southern West Virginia and northern Alabama produce a lot of met coal. The Pittsburgh seam of southwestern PA and northern West Virginia used to be the prime source of steelmaking coal in the United States, but it was found that other coals, from the places I mentioned, were much purer for that purpose, and so now the Pittsburgh seam produces thermal coal for power plants.

>>57483446
Interesting thanks. Do you think silver will be important in this scenario?

>>57483618
Probably not going to be considered to be of prime importance. Silver is a common byproduct of many large open pit copper mines and is also found in polymetallic base metal deposits. I think silver and gold mining is going to remain a primary focus for precious metals focused producers moreso than the giants.

It just amazes me that we’ve had a super efficient carbon free energy source for like 60 odd years and we haven’t exploited the hell out of it already, we should’ve had nuclear power plants built in the thousands decades and decades ago. The previous generations really fucked us with their ignorance

>>57483685
nuclear is expensive and scary. but it doesn't matter anyway because carbon literally doesn't matter.

>>57483685
True
>>57483694
Also true

>>57483694
Even though carbon doesn’t matter are you in favor of shutting nuke plants and burning lignite coal instead like the Germans have done?

>>57483736
I don't really care as long as I can make money from it

>>57484123
I think a return to coal is all but inevitable. It's the easiest to store, transport, and use of all fuels. Its price is very stable relative to other fuels. And it's extremely abundant.

>>57483606
Any specific areas of the province that your interested in? Most of BC's current coal production in the far south east and the eastern border with Alberta. Tumbler Ridge and Sparwood are the major operating communities servicing these projects, which are massive. Both regions are primarily metallurgical coal, with a combined lifespan (including alberta side of the border) of around 900 years worth of resource.

I am more versed in the far eastern coal mines such as Tumbler Ridge then the others, the coal beds are massive, some beds being well over 100 ft thick in places. Its very pure / clean coal in comparison to other sources, with little clay or sand interbedding mixed across the resource. These deposits are very uniform with no faulting or disturbances, though some beds into the Alberta side tend to be on a 45* angle making them less developed then their BC counter parts. I do also know a bit about one of the largest coal deposits in BC, on the Klappan River watershed. Its huge, possibly bigger than Tumbler Ridge's massive beds, but is unlikely to be operated in the near future due to environmental activism. Coal bed methane is also prevalent in these deposits, but little to no serious work has been put into its economic relevance. Another under developed coal region currently being looked at is the Telkwa range near Smithers BC, this coal is a mix of metallurgical and bunker fuel coal, which has sparked pushback from communities. Coal beds also appear in the far northern reaches of the province, but that coal is lower quality and of no economic benefit.

If you want more info on these mines, this link is very informative. https://mines.nrs.gov.bc.ca/projects

>>57483606
i ll add some more stuff when i have time tomorrow, BC coal is fascinating, and has a long turbulent history. Coal was nearly as important to BC's economic development as its incredible gold reserves were in the previous century.

>>57484222
>Its price is very stable relative to other fuels
To ensure this remains true more investment into coal mines would be necessary (in a world where coal demand in the developed world remains high or goes higher). Indonesia has its hands full meeting increasing domestic, Chinese and Indian demand already

Dr. Anas Alhajji stops by MacroVoices to give an insider perspective on the Red Sea debacle, and the threats it poses to not only the local theatre, but to world oil markets at large:

https://podcasts.apple.com/ca/podcast/macro-voices/id1079172742?i=1000642933324

>>57482418
>Teck isn't a coal producer anymore. Those assets belong to Glencore chads now.
Yes, this is super interesting.

From WSJ:
>Glencore will first pay $6.93 billion for a 77% stake in Canadian miner Teck Resources’ coal business. The deal will marry Teck’s assets in metallurgical coal, the kind used in steelmaking, and Glencore’s business in mostly thermal coal, which is burned to generate electricity.
>Glencore then intends to spin off the combined coal business within two years of the deal’s closing.

When that gets listed, might be a nice buy. They are going to list it in the US too.

(no broom version, still no pee pee, he's a good boy)

>>57484575
I already bought Glencore in anticipation of the spinout. I get paid in to wait and it's just a phenomenal company to begin with. Excellent deal for Glencore shareholders, Teck -- not so much.

>>57461205
>>57461411
VUL seems to be trading at a huge discount to me, I'm still slurping.

>>57442341
>I'm currently reading a book about the global coal markets with a focus on thermal
I'd love to know which book you're reading

>>57486733
see >>57448244

Scrap down another ten bucks. More downward pressure for steel, which is also down slightly today. Steel stocks mixed, more down than up.

>>57484659
How does that work, how to they spin the shares out when they form the company? They determine percentages to keep as Glencore and the "value" of the coal business becomes the new company?

>>57488239
I'm no expert but as I understand they form a new entity and transfer the ownership of the coal assets as well as the necessary working capital etc. into that new company. The shareholders of the parent company are then given a certain amount of shares equivalent to the value of the spinout company relative to the parent company. I think they determine this by determining the equity value of the new company and the parent company. Then they write off the loss of equity from the parent company. Something like that, I'm no accountant or a lawyer so I don't know all the nitty gritty

Select sands out of Arkansas up almost 60% today. I'm finally out of the red on them

>>57489196
>https://www.artrocker.tv/news/filler-silica-market-expansion-riding-the-wave-with-size-growth-and-scope-until-2031/1789482/
Forgot link to sand study

>>57489196
Wow what caused that?

>>57489324
It's 0.015c a share and ticks by 0.005 so it went up 50% in a single tick

>>57489324
No idea but it's very volatile so I just buy when it dips below a cent. Eventually I'll have enough shares to pull a couple grand out and buy the dip with it again later while still hodling some shares

>>57483067
>>57482459
>>57480722
>Feb 2/24....• Today we look at micro-cap mineral explorer Benton Resources (BEX) which debuted in our January Top Mining report in the eleventh spot, the stock has tripled over the past six months.
>• After trading around the $0.05 level, it gapped up in November following the announcement of encouraging results from its inaugural drill program at the Great Burnt copper-gold project in Newfoundland.
>• On August 30th, Benton announced that it had received conditional exchange approval for an option to earn a 70% interest in Spruce Ridge Resources' (SHL) Newfoundland properties (including the Great Burnt copper deposit).
>• Great Burnt is a volcanogenic massive sulphide deposit. According to a 2015 technical report, it has an indicated resource of 441,100 tonnes at 2.50% copper with a further 829,300 tonnes at 2.11% inferred based on a 1% cut-off.
>• Those November results included an intersection of 8.31% copper over 13 metres.
>• Benton has continued drilling at Great Burnt, and January 30 results included 5.81% copper over 24 metres.
>• Benton also has a number of joint ventures with Sokoman Minerals (SIC) under a strategic alliance.
>• The most prominent of these is the Killick lithium project (previously the Golden Hope project) where, on October 11th, Benton announced that the JV had entered into an agreement with Piedmont Lithium (Cloudy; PLL) whereby Piedmont can earn up to a 70% interest in the project.
>• On January 31st, Benton Resources (BEX) President, Director, & CEO Stephen Stares (AIR) bought a total of 40,000 common shares in the public market at $0.16.
>• Mr. Stares is the third-largest insider equity holder at the company with 3.96% of shares outstanding.

>>57489358
>>57489388
Oh it's a literal penny dreadful never mind.
>>57489688
Hm. My first thought is that the resource is quite small, but then again it's a VMS deposit and those can be pretty uniform and they tend to get bigger and more base metal endowed deeper down. I'm interested but early stage exploration carries higher risks which I'm usually not fond of. I think I'll stay aside since there are easier bets to take which have derisked the exploration side already and which are cheap due to the market feeling depressed

>>57484358
I am just interested in Canadian coal in general, since my company has done some contract maintenance work in BC mines. There is a chance I'll travel there eventually, so I want to learn what those mines are like. And I just love learning about coal and coal mines in general, so since you're a great source of knowledge, I figured it'd be cool to ask you.

Thank you so much for the info. Feel free to add more if you feel like it. That surface mine is gorgeous: lots of big black coals and a giant seam. BC is blessed with resources -- and really, all of Canada is. All of North America is, in fact. I wish we'd reindustrialize in a big way and start using more of our abundant wealth of natural resources.

USAF lighting fireworks in Syria, another tailwind for gold I guess

I learned what's going on with coal companies refusing to hire out-of-staters, even with great experience.

Coal companies are refusing to hire contractors, like maintenance men through GMS, JennMar, and RWS, from out of state, then are offering those miners direct hires with the coal company behind the contractors' backs, even if the contractor found the talent first. It's not right.
Not all coal miners want to work directly for a coal company; some want to work for a contracting agency, like as longwall or belt mechanics, or outby specialists, because the maintenance contracting companies offer opportunities to travel and sometimes even offer higher wages.

So the coal companies are trying to poach top talent from the maintenance contractors by saying they won't allow a contractor into their mines who is from out of state, then they turn around and contact that miner directly to set up an interview for a direct hire.

>>57490677
It’s not ideal, but as long as they’re not violating any state or federal labour laws, these coal companies are well within their right to conduct these types of practices. The compensation for the non-third party (full time) employees would have to be bountiful and rewarding. Otherwise they will be poached and the cycle starts over again. If anything, those contracting companies would be better for the coal companies since they are relativity cost controlled and the coal companies don’t have to get into bidding wars with other coal mines over talent. I’m sure the grand resignation of the boomers will swing things in the favour of the workers soon if it hasn’t already. Study just released today states Hamilton (Pittsburgh of Canada) is short like 2300 workers for steels mills etc and the boomers aren’t even fully retired yet lol. Had someone I knew make $18K CAD in two weeks during 2020 since the smelting company was desperate. Just an example of what happens when the pendulum swings in the workers favour.

>>57490677
I found this out by talking to my buddy who is a very experienced older miner and who now works in recruiting at a contracting company. He's a great guy.
Just learned from him that West Elk mine in Colorado is 4400 feet deep (1340 meters) at its deepest spot. Cool stuff! Great coal there.

>>57490735
It's probably legal, but it's definitely shady.
And absolutely, the boomer retirement wave is swinging the pendulum far back in favor of the workers, which the workers deserve, especially the younger one's. And as you say, the boomer retirement isn't even a finished process yet.

>>57490677
It goes both ways. Contractors usually poach their crews from their clients as well. It works out for the miner because they can pick the best offer. If one of my crew leaves to go work for a mining company I'll just replace them with someone who's tired of working for a mining company. Often the same company that poached my crew ends up providing their replacement.

>>57490774
That's very true. It does go both ways.
I, personally, just don't like being played around with that way because I'm in a position where, if I wanted, I could take my chips and go home -- retire, albeit somewhat frugally.
My values place personal loyalty near the top. I'll work for the guy who mentored me and made me good at my job, and I'll stay with that guy and his company.

>>57490935
And what I mean is I wouldn't want to be yanked around by either a mining company or a maintenance contractor. Just my sense of honor at play

Peter Schiff
"Job reports are fake and gay."

https://www.youtube.com/live/0jZcAkf4z5o?si=cbvr_fVvMR3fATG_

Alright, buckle up, folks, because we’re about to dive into the absolute genius of Bayhorse Silver investors. These guys are the true Chads of the investment world, and let me tell you why. First off, anyone who doubts the sheer brilliance of these investors is clearly living in a fantasy land. Bayhorse Silver is the future, and those who don’t see it are just setting themselves up for a lifetime of poverty.

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>>57489146
Ah interesting, thanks. It will be nice to have an option for US coal exposure. I've grown kinda weary of buying anything foreign because of the tax forms.

>>57491220
That guy is always bearish, but, I kinda agree about the job reports. People getting a second job driving Ubers shouldn't count toward the metric we're looking for. That said, I think our key risks right now is bank duration risk and commercial real estate. This recent bank it will be interesting to see if that is contained or becomes something that grows. I imagine I'm not smart enough to figure out what the next real crack is though, so, who knows.

>>57490111
It's fracking sand
Never doubt the sand

Lithium back to 2020 levels, don’t know enough about it to say if it actually warrants more than just a glance

>>57491666
>>57491704
>Just buy Brunswick, bro, it's going to a billion dollars market cap. Check the price in one year.

Ok. I've been away with jail, drama and the hospital for quite some time. Fill me in on this nonsense I keep reading itt
>>57491934
>>57491704
Give me the short story please but only if it's funny. If not ignore this post

>>57448244
That book is available here for free. Otherwise it's like $150 for a copy.

https://library.lol/main/BDB560907C55FAD36D31A50DD2880EBB

>>57492300
Yeah I used zlib too

>>57491666
Time to buy SQM and Albemarle soon? I need to figure out the supply&demand of lithium a bit first. It's a young market

>>57491031
offering you a job isn't yanking you around. It happens quite often as you probably already know. It's just an offer. You don't have to take it.

I'm a mining contractor. The owner of a mining contracting firm. I get offered jobs all the time. It's a rare day when a client DOESN'T try to hire me. I never take the jobs, but I'm not insulted by the offer.

Thoughts on XLRE since lower interest rates are being priced into the market?

>>57493317
idk this is the commodity general

>>57492805
What I'm talking about is, say, a contractor finds someone to place at a mine, the mining company refuses the applicant, then the mining company turns around and offers a direct hire behind the contractor's back.
I don't like that and don't ever want to be a part of it. And I do get a lot of offers; I seem to have become a somewhat hot commodity lately in coal because I have maintenance skills and am intelligent and diplomatic.
I'm big on personal loyalty and intend to stay with the company that nurtured me, plus, like many miners, I'm bullheaded about my sense of honor.

>>57492805
And of course, when it comes to just regular job offers, I'm flattered.

>>57493475
Yep, if it involves me losing business so they can recruit my crew I'd be annoyed. Not that the loss of the individual miner, but at the loss of the contract. If they're gonna fuck me they need to at least give me a kiss.

But that sort of thing comes with costs. If I'm their best and lowest bidder and they turn down my offer, they're literally paying more to hire someone else. Conversely if just one of my guys can do the entire contract, they had no reason to put it out to bid in the first place.

I usually work on multimillion dollar projects, turning me down potentially costs millions, and if I refuse to bid for a client in future it will absolutely cost them millions over time. If they want my guy bad enough to piss off the best company for the job, they can have him. And if one guy can do the job, there's no reason for me to be bidding on it anyways.

>>57493475
I do run into this sort of situation often enough though.

What I personally do is sit down with the client's agent and explain that the job can be done by one person cheaper than I can do it. So they'd be better off hiring an employee instead of a contractor. I do this before I bid or send anyone to the jobsite. I let them know a contractor costs more than an employee, and they should probably hire an employee.

Then I decline to bid and walk away. Maybe give them some good recommendations of people that I know who are looking for work.
I don't bid small jobs, I don't make money off small jobs, and I don't mind losing a one-man contract in the least.

>>57493594
I guess for me the sticking point is whether they hire my firm or not.

If they hire me, they're free to offer my guys work. If I meet one of their guys I want on my crew I'll certainly offer them a job. That's fair game.

if they don't hire me and try to poach my guys that's a bit shitty and I won't work for them in future unless they're willing to pay for it. Reverse is also true, I don't go trying to hire guys off a mine I don't intend to work for. That would be shady.

>>57493904
>That would be shady.
also not a great calling card
>hire Big Bob's Mining, they're the guys that stole Steve from us a couple years back.
bad for business.

https://boereport.com/2024/02/01/exxon-says-investors-to-withdraw-climate-proposal-from-annual-shareholder-meeting/
get fucked ESG activists lol

>>57493904
Very interesting stuff.
I do believe business ethics should exist and should really just be an extension of a sense of personal honor. I know that's somewhat idealistic nowadays, but I am, fortunately, in a position where I can walk away from a company I consider unethical.
Best of fortune to you in all your endeavors.

>>57494074
>Best of fortune to you in all your endeavors.
thank you, and likewise.

>>57494074
I had a similar talk with a coworker yesterday about the ethics of work between an employer and and employee. Not the exact same but my friend argued that if an employee has spent long years in a company providing value to the employer then in his later years the employee should not be laid off for underperformance, as a matter of honor. I could not help but agree.

>>57492147
I actually knew someone who was a relative of Frontier Lithium before it went public, other than that, I’m not too well-versed on the company besides noticing it’s mirrored lithium spot pretty well

>>57494167
Usually someone like that gets promoted or moved to a supervisory role. They tend to make good trainers or safety guys.

>>57494167
Older employees who get slower but still want to work should have the option to transfer to less stressful clerical positions and such.
Yes, I think that if you give your life to a career, and basically marry a job, then it's until death or retirement do you part.

>>57494257
To make this system work might require getting many women out of the workplace, since they tend to take up clerical jobs that older men, who have lost their speed, could do.
Women would do better at home anyway, having and raising children.
Win-win for society

>>57464098
Is the link not useful?

>>57494312
And I don't even think this is sexist (not that I'd give a shit anyway), because motherhood is beautiful and women are happiest with babies and children. Even an elderly mother whose mind is fading can often remember tiny events of their children's lives with photographic clarity. That's how much motherhood means to women if they give it a chance or are coerced into it.

>>57494312
>>57494351
Oy vey!! That's s-sexist! Shut it down w-we need more immigrants!

>>57494383
LMAO :)

Anyone wanna bake?
If I do it, it'll probably be coal themed again.

>>57494491
I used to bake more but the OP paste is so piss poor that I feel morally obligated not to be the one who pastes it myself.

>>57492793
It's over. The thesis is simple: the lithium bubble was created on account of temporary supply constraints which were lingering effects of the COVID scam. Producers in turn ramped up production last year and the price reverted to the mean, as was so predictable.
PMET and BRW were obvious candidates for a short, but some here thought this idea was too retarded and continued to buy the top.

>>57494107
Do you find that some of the regulars at mines don't like to do maintenance work such a belt work, so mining companies end up contracting out to specialty maintenance companies?

>>57494664
For every shortage there's an oversupply, and for every oversupply there's either an equilibrium or a shortage. Lithium prices and lithium equities will find a bottom at some point and that will be a good opportunity to buy. What matters is figuring out what both the supply side and the demand side look like, and I intend to find out. My current perception is that lots of new demand is coming online for lithium but also lots of supply so the fundamentals are a bit murky for me still

>>57494200
I mean the back and forth between whoever is having a pissing contest

>>57492147
>Give me the short story please but only if it's funny. If not ignore this post
tl;dr
>koldfag shorts lithium
>insufferable faggot who comes ITT every so often to tell everyone he's the smartest and bestest thing ever, swears koldfag will be liquidated, starts screencapping his posts and gloating way too early
>ends up getting utterly btfo'd goes silent (as usual) as koldfag posts massive returns on shorts
>faggot will be back one day claiming he doesnt care, doesnt think about it, rent free etc etc and quietly delete all his screencaps
It's less funny and more satisfying imo, but still funny.

>>57494986
That guy was insufferable

Okay, I'll bake. Stand by, frens

New bread

>>57495112

>>57495112

>>57495038
Yep.

Super easy to wind up though. Too easy desu