/cmg/ - Commodities and related stocks general

Nothing wrong with taking profits. I'm holding 1000 2023 leaps. I'll ride this bitch to 5-8 million dollars lol

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> American Steel
21 of the top 40 steel-producing companies are Chinese. Unless you can foresee a future where American demand for steel notably increases (whereby importing isn't needed), I'm not sure I'd expect a return to 2011 highs. 1300-1400 seems like an appropriate ceiling in the short term as we ramp up construction projects post-COVID.

those digits and that ID are all i need to throw my $10k into my favourite uranium picks first thing monday.

What does /cmg/ think about prostitution?

Microsoft trades at a PE of 35

CLF competitors all trading at PE of 15

CLF currently sitting at PE under 5

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Actually just checked

CLF competitors are 10-15 PE. I think the decade polar shift of big tech to big commodity is happening in front of our eyes

As soon as I seen CLF generated over half its mkt cap for Q3 in revenue I all into call options lol

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>At $26 CLF will have a PE ratio of only 10
>I hope you guys listened to me 3 months ago
I listened a month ago, which was still pretty good.

So how do you tell if the producers haven't caught up to the commodity prices? I'd really love a way to put the producer fundamentals api data and the commodity price changes api into a script and screen for that.

Guess when I started doing options on commodity producers....

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Also feeling good about LIT / LTHM but those seem slower than steel right now, I wouldn't put a shortterm OTM on them

can you teach us how to pick the right options for the play you want to make? say i think silver will go up a lot in the next 3 months, and want a highly leveraged option. what do? share the wisdom.

What are some ways to get into Manganese? It will be important for batteries in the future.

Damn bro I saw you on /pmg/ your killing it. I don't know enough about options. What's the next play gg?

There's an old OP from like 3 weeks ago, going to paste it here:

fool.com/investing/2019/10/05/how-to-invest-in-mining-stocks.aspx

Evaluating mineral deposits- youtube.com/watch?v=OXqE82UIVVU&t=53s

ec.europa.eu/growth/sectors/raw-materials/specific-interest/critical_en

>Mine life cycle (plus Lassonde Curve -- pic related)
undervaluedequity.com/mine-life-cycle-how-accurate-are-the-resources-reported-in-each-project-phase/
>How to interpret drilling results + other crucial information
amscot.com.au/Download/Download?file=Interpretation_of_Resource_Company_Announcements_-_Overview.pdf
>Ore grades:
undervaluedequity.com/drilling-results-how-can-you-determine-if-a-mining-companys-drill-results-are-of-low-medium-or-high-grade/
>and
mining.com/web/making-the-grade-understanding-exploration-results/

I don't have a position yet but I'm looking into Bannerman and Vimy next month.
Don't whale it and force the price up before I get in thanks

>can you teach us how to pick the right options for the play you want to make? say i think silver will go up a lot in the next 3 months, and want a highly leveraged option. what do? share the wisdom.

>can you teach us how to pick the right options for the play you want to make? say i think silver will go up a lot in the next 3 months, and want a highly leveraged option. what do? share the wisdom.
I would feel very uncomfortable doing a precious metal leveraged play, they have too many non-industrial factors.

Steel: CLF Chad sold me on it, but here is my DD: 1) CLF is way undervalued. 2) The price targets keep moving up, price targets are always a little conservative so when you see them moving up as time goes on you know you've got something 3) Steel is still going up and for very tangible reasons (covid disrupted supply / countries funding construction to rebound eocnomies)

Lithium: EVs are exploding, enough said.

Uranium: I actually forgot my DD, lol. It's weird cause uranium is actually dropping but producers are going up, I think they just lagged the commodities by a lot plus countries are warming up to nuclear again.

So I wish I had a formulaic way to pick them but I don't. CLF I think has the best current day fundamentals and industry fundamentals. Lithium and Uranium I think have fantastic mid term growth potential and investors have caught on.

For technical analysis I just make sure it's in an upward trendline cause if I'm leveraging I don't want to wait for some speculative 6 month moon mission. Just don't get caught at the tail end of a growth period.

>Damn bro I saw you on /pmg/ your killing it. I don't know enough about options. What's the next play gg?
CLF calls are still a good play. Personally I think the price target is $16-20, CLF chad thinks it's $50 or some huge number. Either way a $15 strike with several months expiry will give you a mix of risk and leverage that I would feel comfortable with.

I had a $13 Dec 11th call that I kept until Dec 10th and that was a HUGE gainer, but it also scared the shit out of me.

>CLF is way undervalued
Explain

>>CLF is way undervalued
>Explain
>Steel: CLF Chad sold me on it, but here is my DD: 1) CLF is way undervalued. 2) The price targets keep moving up, price targets are always a little conservative so when you see them moving up as time goes on you know you've got something 3) Steel is still going up and for very tangible reasons (covid disrupted supply / countries funding construction to rebound eocnomies)

I dont know how to make option plays yet

>>CLF is way undervalued
>Explain
Sorry, I'm a retarded spazz.

The PE like CLF Chad has pointed out is very low compared to the industry. Low PE is expected if there is no growth potential, but CLF is growing both due to the industry AND due to acquisitions of some of the most high tech steel plants in the country. Companies with high growth expectations should have high PE.

>price targets keep moving up
Who set those targets and how do we know it's not due to hype?
>covid disrupted supply / countries funding construction to rebound eocnomies
What if they shut everything down again next month and that rebound's not coming

How do I invest in cum?

>Who set those targets and how do we know it's not due to hype?
Professional analysts who to me tend to be a little bearish

>What if they shut everything down again next month and that rebound's not coming
That's the risk of most leveraged plays right now, we could totally eat shit.