Manish, my cousin is in Canda and she recommended Falconbridge and Inco. Any idea about both of them? From the look of your style, I dont think you have any aversion to commodity stocks. Do throw some light on other oil companies.
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Falconbridge and Inco are biggie. When I invest in commodity, I dont go for biggie. Go for juniors and there is more money. They are very volatile though. To give you example if city is developing and you buy land in heart of city, it goes up 30%, but if you buy in far suburbs and wait for few years, you may make 500%.
Northern Dynasty(NAK) is trading at mkt cap of $550m. Value of recoverable metal in ground is mor than $150b. But it may take 5-7 years(minimum) before it goes into production and that might be one of the biggest mine then. With that scale they should have good cost advantage too. But one needs patients. I dont have NAK now but I trade in it. But some juniors are in potential p/e of 1.5-3 and prodcution is due in few months.
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Just a thing I wanted to ask you. Dont you think governements world over subsidise stuff whose non-availability to the masses may be a cayse of concern. TheEU and the US devote a lot of funds for farm subsidies.I am not stansding against you but then the governments have to come up with some protective steps against the vulnerabilities.
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Govts do what Govts do but that doesnt make it right. Govt subside stuff to please voters. For non-availbilty concer, they can store stuff instead of subsidising. Subsidies do some weird things that we cant analyse. For example free power to farmers. Good cause but its not good for farmers themselves!! Know why?
When its free, they drain all the water(neccessory or not) from ground and water table goes lower and lower so they need more power. Free power would make utilities bkrupt so they send power with lower voltage and farmers motors burn. There are more frequent power cuts. They take forever to give new connections to farmers.
Point here is, if Brazil/Mexico subsidise oil it is not so bad as they have it. We subsidise something which we dont have. We should be working for long term alternate like Brazil did. NDA took initiative for ethanol but Manishankar killed program just because of it. We have enough thorium. What are we doing abt that?
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