It may not directly apply to NWC but indirectly there is an important flow on effect ta swell as validating out thematic. I've also noted before the S&P itself and its head Daniel Yergin has clearly pointed out the need for more copper mining probably only outvoiced by Robert Friedland. The former has less to benefit from in talking his own book.
For years Yergin was one of the most influential people in the oil industry culminating with a Pulitzer for his bestseller, The Prize: The Epic Quest for Oil, Money & Power.
The other point I'd note is that finding there was a dearth for quality upper mid-cap copper miners apart from SFR on the ASX, Capstone Copper (CSC) got a dual listing on the ASX and is a fair competitor in that space. Metlas Acquaiation limited (MAC) did the same but is a slightly different type of beast. What I would point out is, some very savvy virtually largely unknown investment managers like SG Hiscox are doing exactly what Perennial said and buying the dip (as am I). I.e Sg Hiscox bought an amount of Capstone and also holds goldies, Northern Star and Genesis. Obviously I'm not savvy like them, nor do I have the research resources. What we do all have, as retail investors, is speed and agility, anonymity and the ability to back our judgment without a tightly defined mandate.
All IMVHO
NWC Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
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