Archives for November, 2020
ASX listed copper-focussed producers are thin on the ground, really it’s a choice between OZ Minerals Limited (OZL, mcap $5.1B) and Sandfire Resources Limited (SFR, mcap $798M). SFR could be worth a look as the imminent closure of its main mine, DeGrussa, has led to negative market sentiment. However, there…
Group Two of the Periodic Table are alkaline earth metals. The name is historic, “earths” refers to substances that were insoluble in water and unaffected by fire, “alkali” refers to those substances, such as calcium oxide, that had similar characteristics to alkalis such as potash. By the early 1800’s it…
Zinc is the fourth most produced metal behind iron, aluminium and copper. About 75% is used as a coating (galvanising) to protect iron and steel from corrosion. It is also used in brass and bronze, as a casting alloy and in other industries such as chemicals and agriculture. All living…
A useful snapshot of market value is the trailing price to earnings ratio (P/E). some look at forward P/E’s, but this includes future earnings estimates which may be in error. However, a problem with the standard 12 month trailing P/E is that abrupt market moves can cause a disconnect between…