BRoF:
We are all entitled to our opinions.
Yes, you're right. But let's remember that some opinions get deleted here, even those expressed by longs.
RT:
The Good:
-Good capex
Agreed. Holding it to a 20% increase in this economic environment is quite impressive.
I would move this item into the ugly:
LOM copper production total and cash costs per produced pound including mine site operating costs, smelter and refining charges and concentrate transport cost average $2.09/lb and $1.15/lb, respectively.
That was like a blow to the gut when I read it.
One thing I keep reminding myself of is Teck's strong hold on Highland Valley over decades. That's considered a high cost, low grade mine, but it's a massive one. Teck has managed to make it profitable. They're making enough money from it that they keep extending its mine life...
http://www.teck.com/Generic.aspx?PAGE=Teck%20Site/Diversified%20Mining%20Pages/Copper%20Pages/Highland%20Valley%20Copper&portalName=tc
http://www.teck.com/Generic.aspx?PAGE=Teck+Site%2FMedia+Pages%2FMedia+Detail&releaseNumber=07-05-TC&portalName=tc