What is happening here?, page-6

Taking a look at the following copper price chart from tradingeconomics -




As can be seen from the above the last time copper was at these levels was back in 2013 and has been higher in 2011 - touching US$4.50/lb ish.

Once inflation is taken into consideration the price of this commodity is still well short of where it perhaps should be. More catching up to do.

Whilst some rejoicing for uptick in prices is welcome, miners are still doing it tough when they only get prices which they were getting 10 or so years ago even if the bottom line is improving with every cent rise.

Current zinc prices are around the same level as they were in the early part of 2017 and had a peak in 2018 at around US$3500/ton (chart on same website).

Prices are never static but any rise thus far this year for both while welcome, are still somewhat short of previous highs. If both keep rising another 10% during next year - well that'll surely turbocharge company's fortunes and market's reaction to SP. Perhaps some may even blame management for the steep commodity price decline periods during the timeframe. RVR is currently well placed in the cycle.