The key to business is following through. And in the case of iron ore’s relentless drop, respect anyone who can pull off an 1870s-style J.D. Rockefeller “good sweating” – even if it’s the big boys of the commodity space: “Rockefeller’s audacious battle plan (“Our Plan”), which his brother called “War and Peace,” began in each area… Continue Reading

Freight does not matter for everything. Of course, it will be extremely important to the likes of the clothing and food industry. This is why the services of Forager Logistics are very much sought after. A concept that I think most mining investors miss is: what is economically affected by logistics and freight vs. what… Continue Reading

Thanks Glencore, You just promised to cut more production than there is current LME inventory in the copper market. 400,000 tonnes of production is a huge cut that should push the copper market into deficit for the next 18 months. This is going to be great for the copper market and copper-producing countries like the… Continue Reading

Up until a couple days ago we had ants in our office. Once they made it to the kitchen counter I bought ant poison and eradicated the issue, but before that I spent some time studying their behaviour. The more I watched them the more and more they reminded me of stock market investors. Most… Continue Reading

Currency devaluation does not create long term, stable, cost savings for mining companies. Currently, most cost savings touted by mining companies are driven by a weakening of local currency vs USD. However, I don’t think this can be counted on in the long term. At best, it is a nine-month lag, and afterwards, the local… Continue Reading