Why don't Cu and Zn prices matter for DVP?, page-20

Another report, this time from Market Herald J. Davidson on 30.4.24, providing the reasons for the current boom in Cu prices (up 15% in last month, & 17% for the last 12 months).

"What’s going on with supply?

What we’re seeing is widely accepted to be a supply side story, a theory backed by Bank of America’s Asia-Pacific metals chief Matty Zhao.

Jevons Global’s Kinglsey Jones also wrote a fantasticbreakdownon this issue forThe Market Onlinein the recent past.

Put simply, multiple copper mines the world over are having problems with output at the moment right now – that’s the easiest way to say it.

In the meantime, renewables-led demand continues to grow too fast for copper miners to catch up broadly".

Will copper prices continue to run? A look at how we got here & what experts think | 2024-04-29 | HotCopper

With low cost Woodlawn very likely to be in production c. April 2025, & with only $42m financing needed, or a total of $67m incl. working cap, DVP is likely to continue its current run in its SP....possibly, in next 3 months, IMO to be $3+.

(See Cannacord Genuity Report above, on 15.4.24, who indicate CR unlikely to be needed. Woodlawn "has already received significant interest from financiers, strategic partners, & customers...DVP had $40m cash as of 31.1.24, & ITM options worth c. 22m; & undrawn asset finance of $42m as of 31.12 23")