I hope this puts an end to the debate, from Mine Sites about an open pit nickel min in Canada:
"Although the cold makes working conditions difficult, the ground is more stable because there is no water moving through fissures in the rock. With stopes of up to 30 metres wide and 105 metres long, ensuring ground stability is a high priority. All drifts are screened and all stopes are bolted."
Sorry they don't raise hope in me. I have point blank news reports saying iron ore shipments are being delayed because of the weather. Production is being reduced. Look at CLF earnings reports historically. Q1 earnings is usually subpar.
Now, this I agree with you, but it is not driven by the weather. Coming off the holiday season, businesses tend to slow down. I am familiar with the construction industry and business always slowed over the holidays. However, I was very successful in construction because I always started my specs during this slow time because labor and materials were more available and at a lower cost. Then my homes were ready for the market when inventory was low and demand was high. My subs loved it because I employed them during their slow time insuring they had money to get through.
In the iron ore business, transportation is the drag in cold weather as loads need to be reduced.
Hey I hope the stock price double bottoms today. According to the RSI chart it should but I will not say there isn't a problem at CLF's mines. Management can calm my fears about lost production but I don't think they will. I fear the production numbers for the first quarter will be down in 2014. Due to inclement weather producing a force majeure event.