If you had a production line of goods that relied on Copper to manufacture your product, and, a supply shortfall was not only forecast but seems to be fast becoming a reality as existing stockpiles dwindle, would you allow the production line to stop, costing a small fortune in sales, restarting costs, reliability of product delivery, lost production etc etc, or would you start to stockpile Copper at slightly higher prices today hoping to avoid the inevitable, at least in the short term.
China also looking to increase its electrical grid. A lot of Copper required.
Copper is irreplaceable as a conductor.
If NWC can bring Antler online 2022/2023 they will be right in amongst it.
Newco Cobalt asset divestment should severely decrease the need for a cap raise short term depending on what value they put on them. Will be interesting to see when that will start to gain ground.
Contracts have just rolled over too I think.
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