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"Goldman Sachs end of calendar year copper price target:...

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Clark888

3,423 Posts.

1029

16/10/21

12:10

Post #: 56847089
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Originally posted by Clark888 ↑

For those who are interested, a copy of the Goldman Sachs Commodities Research 'Copper: pricing to scarcity' report (dated 8 October 2021) is available via this link:

https://www.orocoresourcecorp.com/_resources/blog/Goldman-Sachs-Copper-Pricing-to-scarcity.pdf

View attachment 3688502

Goldman Sachs end of calendar year copper price target: US$10,500/tonne (or US$4.76/lb).

Based on US$4.76/lb copper and US$1,800/oz gold, the Kalkaroo copper-gold project pre-tax NPV7.5% value matrix would be $2.1 billion (yellow highlight).

View attachment 3688520

Cheers

These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.

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"Goldman Sachs end of calendar year copper price target: US$10,500/tonne (or US$4.76/lb)"

Overnight copper price hit US$4.781/lb. See photo below.

I still expect to see copper prices of US$11,000 per tonne (>US$5/lb) before the end of the calendar year.

Cheers

These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
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0 Great analysis

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