They have the name commodity for a reason. There is not moat. They simply move with the economy. Commodities are the first to go in a bear market, and since we've been in a commodity supercycle it won't be pretty 8-10 years from now. Just wait until SCCO and the other commodity equities are at $.50 a share and you'll look back and recall this and many similar posts...99.9% of you will say "That's #$%$*&^ing ridiculous! No way will this go to $.50!" Enjoy it while it lasts because it never does - bull or bear markets.