Ann: Comet Drilling Delineates Broad Zone of Cu-Ag Mineralisation, page-8

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    Interesting question. Seems to me that some punters are scared cbe will run out of cash for further exploration in a year's time or are tired of waiting ..
    it's has 57.79% insider ownership 'n BHP thinks it's worth investing in.
    imo we are ok for 12 months and by then we should get a boost from assay results and price of copper. It's in demand and prices are up;

    Copper prices have recently experienced a notable increase, partly due to a temporary US-China trade truce and ongoing supply concerns. The price surge has pushed copper to its highest level in 22 months. This rise is attributed to a combination of factors, including a potential structural market deficit and the impact of the green energy transition.
    Key factors driving the copper price rise:
    • Trade Truce:
      The easing of trade tensions between the US and China, with reduced tariffs, has provided a temporary boost to copper prices.
    Supply Concerns:
    Limited ore supply and potential production issues have fueled concerns about meeting rising global demand.
    Green Energy Transition:
    Increased demand from sectors like electric vehicles and renewable energy projects is driving the long-term demand for copper.
    Inventory Levels:
    Declining copper inventories, especially after the Labor Day holiday period, could signal persistent demand despite price increases.
    China's Imports:
    Strong Chinese import data has further supported the price rise.
    Strategic Reallocation:
    Major copper producers are strategically reallocating investments in response to challenges like declining ore grades and permitting delays.
    Depreciating U.S. Dollar:
    A weaker U.S. dollar can also provide a tailwind for copper prices, as it makes the commodity more attractive to international buyers.



 
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