Just thought I'd throw this out there@FreeflyerNZ. Take a look at the VWMA or the simple moving average of copper price as of Fridays close 27/08/21.
What copper price will be used in the Nifty PFS?
Likely a Volume Weighted Average Price of 30 - 60 or 90 days which will be greater than $4.30/Lb.
Even a super conservative price of 1 year average price would be above $3.60 in a months time when the PFS is due for release. Not that I think Barry will use the 1 year average as a PFS is an opportunity to sell your wares, so why place a conservative number in it? Let us remember the PFS is there to attract finance and major investors willing to spend money to make more money.
All in all the PFS will be very robust when released. I think we could safely expect the SP to outperform by years end.
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