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  • Exotics 0 comments
    Jan 19, 2013 4:57 AM

    espite very high nominal prices, miners of all types remain very weak. Under the very right and rare circumstances, metals are easy and inputs are cheap.

    That doesn't happen in a correlated+QE environment. Labor and oil rise with the metals (or soy or corn) and destroy the margin.

    Today ores are weak and most good $$ sources of metal are byproducts or old workings, tailings. Humans have been picking this pile for 20,000y.

    Exotics, like flourspar, salts, bulks, ti02. whites and REE are all stuck in a rut.

    Only a real, organic global boom will push true demand.

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