Ann: Large-Scale Gold-in-Soil Anomaly Outlined at Cumbine, page-7

Copper will see double-digit returns over the next 6 months, Goldman says
2 hours ago | Business Insider Australia
Goldman Sachs said it expects commodities to stage double-digit rallies over the next six monthsTailwinds include coronavirus restrictions easing worldwide, on top of lower interest rates and a weaker dollar

The analysts also upgraded their 12-month price target for copper to $11,000 per tonne, a jump of 11% from current levels. If the green capital expenditure is at the center of the commodity supercycle, they said copper is at the center of this trend. Copper is a critical raw material for green infrastructure and has an under-invested supply side, they said.

“The only way this record-sized and fast approaching supply crunch can be solved is via a surge in price to new record highs,” the analysts said.

“We essentially see the copper market sleepwalking to a classic case of ‘Revenge of the old economy,’ just as oil did during the 2000s commodity boom.”

As for gold, the analysts see the price of the yellow metal rising 12% to $2,000 an ounce over the next six months, highlighting its “real use” compared to Bitcoin.

New, high-priority exploration target identified at
Lachlan Copper-Gold Project, NSW
RC drilling at Blind Calf identifies a high-priority 800m mineralised corridor,
interpreted to represent a larger copper mineralising system

Large-scale gold-in-soil anomaly outlined at the
Cumbine Prospect, NSW
Coherent and extensive anomaly represents a compelling near-term drill target;
Drilling approvals lodged for 12-hole RC program

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