Given where the price for copper and gold has gone over the last 6 weeks my back of the envelope adjustments to@miningnut forecast for Q4 show that Aeris may generate a $40m Profit Before Tax. If this continues into FY’25 then who knows how much cash Aeris will generate.
The world has finally woken up to the shortage of copper. Some of the heat may come off the price due to traders and arbitragers pulling back their copper bets. But one thing is crystal clear, the world is short copper and it is going to get worse as time marches on.
Copper news, page-1117
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