The thing is inflation is good for metal prices Cu being the most ubiquitous in industry. The Cu price rallied strongly before due to speculators (futures traders) buying as an inflation hedge. IMVHO it is highly likely that demand fundamentals and a reversal of futures interest will come through before this mine is built probably before ready for financing. The beauty of a high grade is it will make the mine more apposite for financing than most.
It's only one in my stable and I have 25% of my resources investments in Cu.
Here's Daniel Yergin on the issue. His reputation speaks for itself.
httphttps://financialpost.com/commodities/the-basic-metal-of-electrification-why-famed-energy-analyst-daniel-yergin-sees-a-copper-crunch- looming
All IMVHO.
Ann: Drilling Success Continues with Further Deep Extensions, page-36
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Mkt cap ! $90.74M | |||
| Open | High | Low | Value | Volume |
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| Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
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