>>20838544>copper rminers aren't raking in massive cash this year on $4-5 copperOf course but a lot of miners are really dependent on cheap money (i.e., cheap loans). Their debts have also been going up in recent years and I am not sure they are afforded the same leniency as certain other branches.
I own Lundin Mining for example (and Filo Corp but to a much smaller extent). Great stock which has really outperformed the indices but I am worried about their growth potential and their rising debts relative to their income.
Sure, they can rake in a lot of money but they also have to pay their debts so it kinda cancels out.
Of course these big ass companies bind their loans to much smaller rates but still.
Mining is fuckin expensive. We are so insanely dependent on all this crap and yet the margins completely suck. Would be nice to have NVDA (or any other big tech) level of margins but I'm just ranting at this point.
I am mostly worried that they will magically open up new mines and suddenly the price of Copper falls off the cliff. A lot of people say it's impossible but you never know with this crap
