You are spot on with your assessment of the copper market. It takes a long time to bring new copper projects on stream and there won't be enough existing supplies to cope with demand.
I don't know if you have heard about Sandfire Resources. They were trading at $0.05 when they struck copper in 2008 (in the Meekatharra region) and the initial share price surge was spectacular (went to $4.00 almost overnight and as high as $10.00). Mulga Bill is in the right neighbourhood and so these recent copper hits at Mulga Bill are very exciting too.
Sandfire
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5.5¢ |
Change
-0.001(1.79%) |
Mkt cap ! $33.51M |
Open | High | Low | Value | Volume |
5.5¢ | 5.5¢ | 5.4¢ | $29.10K | 531.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 112499 | 5.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.6¢ | 26000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 112499 | 0.055 |
1 | 246222 | 0.054 |
3 | 188833 | 0.053 |
3 | 491615 | 0.052 |
5 | 501862 | 0.051 |
Price($) | Vol. | No. |
---|---|---|
0.056 | 25000 | 1 |
0.057 | 255713 | 4 |
0.058 | 532724 | 3 |
0.059 | 500000 | 1 |
0.060 | 500000 | 2 |
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