and yes, not short-term story either. short-term, we are edging towards recession and therefore copper prices will probably fall further.
but once Govs start printing on mass scale again and announce stimulus packages copper will move higher.
right now even gold is barely holding despite the never-ending printing (but not mass printing that is coming once we experience the next crisis).
Interestingly gold held very well considering how far interest rates went up. I thought POG will be around $1650usd actually. But hiking rates without ability to reign in printing is what's holding POG higher and will push it even higher.
Good part is this resource has some gold in it but it will be the copper price that will determine if it's economic or not. And for that MAG needs to discover about 9x more from where they are now.
Below the assumed hole locations that are testing the prospects as numbered. I think Adam may use the same platform to test prospect 1 & 2.
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and yes, not short-term story either. short-term, we are edging...
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