These prices are absolute gifts, coppers turn for a nice uplift will be 2023 pencil it in. Glad to be set and ready to go here at an average cost price of 2.9 cents. Bought some more today (Going against the market sentiment) after JT gobbled up shares recently on open market, news flow must be soon. The prospectivity and quantum of the land we have here and the calibre of management on board at a market cap of 6 million is astounding, thanks to the sellers for offloading. Once we rip the band aid off and conduct our capital raise then this moves upward and quick, I suspect it will be next week.
Investors have only just started to realise the serious depletion of copper inventory reserves world wide. BHP wanted to be ahead of the game and hence why they wanted to take over OZ minerals because they forsee serious long term inventory shortages of the precious metal, they expect increases in prices and thus significant cash flows for them in the next few years.The only reason why the copper price has been down is due to recession fears and perceived slow down in economies across the globe (Copper is used as a barometer to guage how the economy is doing, negative sentiment regarding growth on the economy then copper price typically follows suit and vice versa). Cheers, CP.
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