Even if you want to focus on EPS.
The Sn price is in backwardation. That presumes a lot of production coming on plus demand destruction. However, there's also a lot of usage and inflation coming on. So the slope of the backwardation curve is important just like the slope of the long term bond (fixed interest) curve.
For me in resources I've got say 22% Cu to 9% Sn. That leaves a lot of room for other commodities like O&G to cushion me.
Then commodities themselves have to be cushioned in case of a bust or recession.
A lot of these things are not talked about on HC. I trust as someone who is 'older' and at least focused on EPS you appreciate these things. It's got to to be a lot better than many tech stocks ( and others0 who don't even have an EPS and are priced on Price to (expected) revenue not P/E.
Of course I know a lot less than the Young Turks.
All IMVHO.
Lack of Broker Coverage, page-48
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Last
38.0¢ |
Change
-0.005(1.30%) |
Mkt cap ! $344.3M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 39.5¢ | 37.5¢ | $763.1K | 1.985M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 45553 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 273943 | 15 |
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| Last trade - 13.42pm 20/08/2024 (20 minute delay) ? |
| MLX (ASX) Chart |