S32 3.89% $2.94 south32 limited

Furious agreement, Desert.We can see the extra volume of metal...

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    Furious agreement, Desert.

    We can see the extra volume of metal going into the electrical revolution +Ukraine -Euro production -China.

    Either base metal production increases sharply or prices do and somebody misses out - or somewhere between. The fireworks will be quite a spectacle.

    S32 stands to make a lot of money from existing production at the prices needed to incentivise new production.

    It enters this era with a very strong balance sheet, FCF and M&A capacity. Poised for opportunity. Acquisitions broaden or deepen multi-metal miner S32, a quality in itself. But who ever sells tier one anything?

    Hermosa is a monster. Ambler also, but environmentals.

    Watch the Critical Minerals arena carefully.

    Ash
 
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