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Teck Resources Limited Message Board

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  • w999surf w999surf Feb 12, 2013 1:06 PM Flag

    Hope you didn't get fooled into selling TCK shares

    Positive news about zinc didn't hurt either. This stock should have never dropped after a good earnings report, look for it to recover back to $38 in a very short time and then go up in the second half of the year.

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    • All three of you guys are too optimistic on TCK's forward prospects.

      TCK's financials and mine-development situation SCREAM OUT that there will not be any significant, material production growth in any of it core operating units until 2015, and that will be limited to a 15% increase in met coal production (when Quintette goes back into full-scale production).

      Thus, TCK's revenue (and earnings) will only move with moves in the price of the commodities it produces.

      At the same time, it's costs continue to climb, as do costs associated with two particular issues involving environmental claims associated with Lake Roosevelt in Washington State, and selenium remediation at it's Elk Valley coal mines.

      TCK won't see appreciable growth in production and revenue until they start building out Quebrada Blanco hypogene and/or Relincho, and start producing bitumen from their oil sands developments.

      That's 2017 at the earliest.

      • 1 Reply to ultraific2
      • You are going see the prices for met coal, copper, zinc and other production metals rise in price as the world economy picks up off this bottom. As it stands right now at today's price of TCK's commodities, the cash value of their assets exceed $60 a share. Right now, it is conservative to see TCK going to $45 and move up as commodity price rise. Also the copper ETF that JP Morgan will bring on this quarter will cause copper prices to rise as they move copper into reserve holdings.

    • Hold on, and add a few more shares.
      reinvest the divi.

      Sentiment: Hold

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