I'm expecting it to be a cracker second quarter!
Let's not forget that only a year ago, copper was trading at well under $3 USD / LB
We are now comfortably above $4 USD / LB and if it wasn't for the recent release of Chinese government held inventories, I'm sure we would be a lot higher still. This extra copper on the market will only last so long and then we should start to see supply to be reduced and demand to continue climbing.
All bodes well for Copper Mountain and the forward plans to paying off debt and going mining in Australia.
They will be making some serious money in this last quarter, possibly the highest profits in the history of the company.
Good luck everyone, we will be back over $5 per share in the not too distant future!
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Ann: Copper Mountain Mining Announces Second Quarter 2021 Results, page-2
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