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$26.44 oz minerals limited

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Mongoose66

124 Posts.

12

25/10/22

18:25

Post #: 64390115
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Originally posted by Mentalist123: ↑

PJL mate just to bring you up with Copper storage, and supply warehouse. Up until recently, the copper in storage LME was only 3 days supply. Now blown out to 14 days. So at present, there is an oversupply of Copper in the storage of 400%. China's consumption slowed to a snail's pace and supply is now 400% above demand. See Copper under $US3.00 shortly. That’s why the disparity in the price forecast between JP Morgan and Goldman. As for Musgrave West saving the baby at 0.6% Cu is $2.07 per pound. Forecast costs per pound from OZL are $2.06c per pound. OZL based on all things now, expenditures coming, debt for WM @ $1.3b Cu grades dropping, costs increasing, oversupply copper, current cash position dropping by $95m, divvies delivered pennies OZL teetering in the edge in my opinion, and $10 per share is overvalued. Let’s see in March 2023 how close I am.

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https://www.*****.com/news/2022-10-24/China-apos-s-billion-dollar-cash-for-copper-trade-grinds-to-a-halt-Bloomberg.html
costs for OZ quite a bit higher but if it get anywhere near $10 I’ll be buying a lot more

OZL Price at posting: $24.03 Sentiment: Hold Disclosure: Held
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