Ann: Drilling Update for Kanmantoo, page-59

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10/08/21

16:48

Post #: 55178468
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Originally posted by VYR: ↑

"If only HGO was a copper producer"

HGO is about to become the next big copper producer. Nice to have a MD who thinks its a certainty.There is a lot of power in positive thinking.

The EV revolution is at the centre of the drivers for a massive increase in copper price in the next few years but as sure as wharf labourers were replaced by driverless cranes and forklifts, copper will eventually be replaced by ???? if the price gets too high. Lets hope us$6 or $7 isn't a critical substitution point.

I think there is a lot of good fundamental reasons to be invested in Copper Producers and EV Manufacturers that are currently undervalued by the market and have huge under-utilised production potential and excellent prospects.

In recognition of the perils of having all your eggs in one baket I've spread my equity investments across the two. The electric motorcycles and mopeds I've invested in are doing way better than HGO at the moment and probably have more upside potential, but both are happily in green territory for me and its probably sensible to have a foot in both camps.

Whilst I was busy with the wife and dog mucking about in the garden today, so didn't want to go anywhere, it was comforting to know I could go, in spite of the red rockets battery being flat from sitting in isolation. I wonder if there is a compensation package for red rockets that can't do their essential 50klms a week in a single run because of lock downs.

P.S.on bamboozlement .

I've been checking our the MRE and in particular " ordinary kriging algorithm", and the composites and octants.

Just jesting we need to leave all that technical and detailed stuff to our Competent Person.

The more I delve into the disclosures the more confident I get, based on a helicopter view of things, about the viability of whats ahead.

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Hi again VYR
I agree. I am pretty positive there is copper down there. How much? we will have a more accurate number possibly at the end of the month when the half year is released.
America has to bring its emissions down dramatically. Biden
is pushing green this, green that. Ev cars, chargers, etc need lots of copper.
When our copper is mined, I am pretty confident there will be no shortage of demand, and at a great price.
Will be an interesting month. Hopefully a more accurate mining start date. We know what they have said previously, but be nice to have an accurate start date. Good to see if it will be earlier or later than planned.

HGO Price at posting: 4.6¢ Sentiment: Buy Disclosure: Held
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