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0.00% 2.3¢ anax metals limited

Going by the long life mines in their copper industry and that...

  1. CowsWithGuns
    166 Posts.
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    28/04/24
    16:52
    Post #: 73545067

    Going by the long life mines in their copper industry and that they are bring on new supply. Whilst this is all dependent on global demand & transition away from carbon but they also have a FTA with the USA !!

    https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/metals/011524-chilean-copper-output-expects-fast-recovery-after-a-15-year-low-in-2023
    https://www.miningnews.net/resourcestocks/resourcestocks/4194185/unique-project-chiles-emerging-copper-belt

    What happens when supplies are reduced / restricted - see graph below:
    https://en.macromicro.me/charts/943/lme-copper-warehouse-stock-vs-copper-price

    Anyway, I still like ANX - they seem to be ahead of the pack with their bio-leaching extraction technology ..........


    ANX Price at posting: 2.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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