Copper prices climbed to three-month highs overnight as economic stimulus from central banks, expected stronger demand in top consumer China and falling inventories in Shanghai triggered fresh buying. Benchmark copper on the London Metal Exchange (LME) was up 0.2 per cent at $US5,700 a tonne. If copper manages to sustain levels above the 200-day moving average at $US5,655, the next major resistance comes in at a Fibonacci retracement level of $US5,880.
SS15ktpa Cu x $5,880 = $88M plus zinc and silver credits + benefit of low AUD.
Fully approved mine and with 18-months construction time, this could be all yours. Sure sounds great on paper doesn't it?
capital raising, page-12
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Last
$2.32 |
Change
-0.080(3.33%) |
Mkt cap ! $618.1M | |||
| Open | High | Low | Value | Volume |
| $2.42 | $2.46 | $2.30 | $871.8K | 369.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9385 | $2.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.45 | 408 | 1 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| DVP (ASX) Chart |