What always fascinates me about resource stocks is that they can do all the running around they want, but their bottom line is almost entirely dependent upon the level of demand for the resource they sell.
For instance, a mining company can cut costs through laying off workers, closing mines and a whole host of other measures. But if the price they are able to obtain for their metal is too low, they will inevitably make a loss.
Sometimes, for resource companies, the best they can do is simply never going to be good enough.
With this in mind, I…