That's my understanding on this topic as well.
So back in 2016 the global average copper ore grades for copper mines was 0.62% and the price of copper back then was less than $3 / lb. We have 20 years worth of copper at Nifty @ 1.51% and the current price is well over $4 / lb. Is this a no-brainer or what ?
The short term price movements only gives the wise a chance to top up.
Ann: Significant Copper Intersections from Nifty West Drilling, page-24
Add CYM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.0¢ |
Change
-0.001(4.76%) |
Mkt cap ! $30.51M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.3¢ | 2.0¢ | $25.12K | 1.182M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 569999 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 1179218 | 3 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| CYM (ASX) Chart |