SUH 5.56% 1.7¢ southern hemisphere mining limited

Copper price surges to 32 month high

  1. 308 Posts.
    On 10 September 2012, the Company delivered a NI43-101 JORC compliant Resource Upgrade of 145Mt grading 0.40% copper equivalent which attracted a JV with Lundin Mining. This was terminated when copper price plunged. Copper is now on the rebound:
    http://www.mining.com/copper-price-surges-32-month-high-hedge-funds-place-20-billion-bet/

    From July 31st quarterly activities report:

    “The Company is seeking to realise short term value for shareholders via existing assets, whilst working on identifying new and exciting exploration or production opportunities in Australia and elsewhere”

    http://www.shmining.com.au/images/reports/20170802_SUH_Quarterly_Activities__Cashflow_Report.pdf
 
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