Archives for October, 2020
The following details are for Australia’s top ten ASX-listed gold companies. Of most interest is the dramatic difference in P/E between the top four and the next five. Note that GOR has only just become profitable and results are only for the first half. A stronger second half will see…
To some, the nickel boom of the last year or so is reminiscent of the Poseidon nickel boom of 1969. Then, the nickel price rise was driven by the Vietnam war and a strike at the world’s largest producer, Inco. Poseidon rose from $0.80 to a high of $280, a…
Background There are two principal types of coal: coking and thermal. Coking coal is heated in an air free oven to produce coke and various volatiles. The coke is virtually all carbon and is used as a reductant with iron ore to produce steel. Thermal coal is of a lower…