Dear Cocky5I'm still waiting for input from a friend regarding copper (technical) - then I'll share this. Spontaneously I would have said USD/lb 5 over the next few months. 6 - 7.50 in the next 2-3 years. I don't think the price of CU will fall in the next 10 years. That means: perfect conditions for the launch of production. This does not only apply to CNB....
I had already pointed out that I see the SP CNB ‘flattening out’ - from a technical perspective - today I would say we have broken the long downtrend that has been in place since April 2023. With solid volume I would say. I think we should reach the 50c in the next few weeks.
Exciting drill results could also drive the SP even higher in the coming months. We shouldn't forget Trekkelano either.
Like many others (e.g. HMX) - CNB has not been much loved in recent months. It is always the same when after a phase of euphoria reality sets in and then disappointment (because the SP does not rise even more). These are the times when you can accumulate and profit from the frustration of others - sometimes takes courage and patience - but can then pay off massively I think this will also be the case with CNB. DYOR
CNB Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held
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