Thanks Jukebox, but even if ramped up, it’s still a large amount of material that will be sold in the market over a period of time around the same time that we need prices high to be attractive for a sale. If Co prices go up in the next few months I expect they will go down again when Katanga sales resume. I don’t think ev sales will go up that much in just 12months to soak up all Co. basically I am saying the Katanga issue is a 12 month issue with the timing for remedy not aligning well with our program. Will our SP go up with a 20 or 30% increase in Co price by mid next year? Our updated SS financials will be out by then. Then maybe.
i did expect some uplift in Co price with the Katanga issue announcement. Others said it would put a floor under the Co price. But so far it looks to me like it has dipped some more. Maybe the demand versus supply balance is much longer term - 5 to 10 years away, maybe 20 years. Either way CLA short to mid term SP outlook is concerning. Is money parked here a good vestment?
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Thanks Jukebox, but even if ramped up, it’s still a large amount...
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