Teck Resources

Teck Resources - TECK.B . TSX

This is what I thought in May 2020 when I first bought the stock...

This is one of Canada’s mining heavyweights. They are the largest seaborne exporter of metallurgical coal used in the steelmaking industry, operate the world’s largest zinc mine and are on track to break into the ranks of the world’s top copper producers with their new Chilean copper mine. A history of reasonably robust earnings (for a resource company), long mine lives and exposure to a large, untapped copper resource made this an attractive buy at $13.30 and a p:e of 3.3 to average earnings.