The local iron mining company I told you about has now not only found gold, but also zink.
Also, the little investment bank that helped them list on the stock exchange has produced an analysis in English on the company, which might be interesting, if only for the fact that it is the first analysis I have seen which goes beyond "worth $68 per share, buy/sell/hold!".
And they have one very interesting picture touching one of the most important things I have learnt here at the Eurotrib, namely the vital importance of the discount rate.
Oh, and the day after tomorrow I am going to the annual general meeting in Stockholm. Hopefully I am going to extract some shareholder value in the form of sandwiches. Peak oil is not an energy crisis. It is a liquid fuel crisis.
Iron ore price in SEK = Iron ore price in USD x the USD/SEK rate
Peak oil is not an energy crisis. It is a liquid fuel crisis.
This in spite of the fact that, as far as I know, this little rail line was never electrified. Renovating the 39 km long line will cost about 1 million euros which the company will pay. Peak oil is not an energy crisis. It is a liquid fuel crisis.