These are ugly days in the natural resources sector as the bottomless pit that was China's appetite for mined commodities apparently had a bottom after all. Most of the well-known miners have racked up double-digit losses over the past year, and companies with outsized exposure to iron ore (like Vale (Nasdaq:VALE) metallurgical coal like Teck Resources (NYSE:TCK) have suffered even worse.
It may not be the worst time to think about Tech Resources, though. The combination of mines that are still profitable at spot prices, extensive production expansion potential, good liquidity, and global prices that are having miners contemplating production curtailment could make this an appealing time to consider this beaten-down miner, but investors need to prepared for conditions to get uglier before they turn around.
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http://www.investopedia.com/stock-analysis/062513/teck-profitable-liquid-and-maybe-too-cheap-tck-fcx-bhp.aspx
Investopedia: Teck Profitable, Liquid, And Maybe Too Cheap
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