1. COPPER
Copper price: $US1.29 /lb which is some 10.85% less than the high of $1.43 on 19 April.
It is in the last couple of days that the copper price really got going. First we started with a range from 1.19-1.22, extended that to 1.23 and few days ago we had the range 1.22- 1.245.
We have now been trading in the range 1.26-1.30 for 2 days and the price is strengthening.
This year, there is a shortfall of 650,000 tonnes expected and which has to come from reserves.
OXR is to produce copper in March next year and $2 out of every $3 income is then expected to come from copper. Construction at the Khanong project is proceeding:
http://stocknessmonster.com/news-item?S=OXR&E=ASX&N=219792
2. GOLD. The present income is from gold (165,000 ounces/year) rising to 230,000 ounces much later in the year.
The SEPON plant will be expanded to achieve this. Production cost is reasonably low.
Current gold price is $US393.70 and for it to rise much more, one or another or both factors will need to come into play IMHO:
1. The US economy runs out of control due to a sum of factors which have been discussed in various articles.
2. Prominent attack(s) by terrorists.
It is these factors which may induce the population to buy gold. There is a probability that both could occur thereby reinforcing the gold uptake.
So, summing up, OXR is in a good position with regard to metals, IMHO.
Info on OXR:
http://www.hotcopper.com.au/post_thread.asp?fid=1&tid=106312#292783
Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.
Gerry
- Forums
- ASX - By Stock
- OXR
- factors which can influence the share price
OXR
oxiana limited
factors which can influence the share price
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OXR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online