jatrudel

Three Favorite Mining Investments

TC (NYSE) 5.95 last trade. Thompson Creek Mining Co. P/E of 4.96, projected P/E of 2. No long term debt, recession proof market-molybdenum, used in making ultra high stainless steel alloys for nuclear plants, corrosion and embrittlement resistant pipe for offshore oil and gas and refineries, power plants and turbines, and lighter weight steel in autos. Proven reserves in the tens of billions, possibly more, at five sites. Two year old company with conservative management. Current valuation 700 million with gross revenues of a billion, return on equity of 36%. (9 analysts rate buy to strong buy). Possible takeover target.