http://i458.photobucket.com/albums/q...052011-1-1.png
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Copper is often seen as a global economic indicator...it also has periods when it correlates well with the Equity Markets confirming either strength and weaknesses of market cycles and their trends.
The chart below is sounding a caution warning
http://i458.photobucket.com/albums/q...yr30052012.gif
Update:
Copper continues to break down. With the recent fiscal easing news in Europe, Copper still failed to break out of its downtrend (failed retest) indicating a worsening Global economy.
http://i458.photobucket.com/albums/q...er06072012.gif
http://i458.photobucket.com/albums/q...7201260day.gif
Anyone looking at SMD ?
Its fallen from its high of 20s to now at only 7s..
I think Dr Copper is going to decouple from what we percieve as an indicator of growth.
Copper deposits are getting lower in grade, the easy stuff is gone, like oil. and I believe it is " the metal" of the future.
The future is electricity, as oil gets more expensive.
Electric vechicles everywhere, solar power everywhere, and masses of copper, required.
And the continued expansion in Asia and India.
The old saying was, nothing moved without oil, the new saying might be, nothing will move with out copper.
I dipped my toes today in OZL. I have been searching for a cheap copper company. They are extremely rare.
I am still searching, but I think I need to hurry. Does any one have any ideas?
I had a look at SMD Geezy, you never know, look what happened with SFR:t_up:
If you look at the picture below, it tells a story.
Hi tricha.
It's not a producer - and won't be for at least three years - but have you looked at Rex Minerals - RXM? Their Hillside project, 150 km from Adelaide is the largest undeveloped copper resource in Australia, or so they say. Have a look at their July presentation if you havn't already - it gives a good rundown on the copper scene as well as info about the company.
As for "cheap" copper companies, OZL must be getting into that category at current prices. I keep an eye on RXM partly as a possible target for OZL who are still on the lookout for something to spend their cash on. RXM with a MCap of $127.5m doesn't look to be beyond their reach if they decide it's good enough.
http://www.asx.com.au/asxpdf/2012073...5flmtgl9pp.pdf
Tricha Have a look at MNC Metminco, it has been sold down relentlessly after TKG did an in specie distribution of 70 million shares in May to remain solvent.
Metminco’s premier project is the Los Calatos copper and molybdenum porphyry deposit located in southern Peru, near and in a similar geological setting to three large existing copper-molybdenum porphyry mines. The estimated mineral resource at Los Calatos as of April 2012 is 2.32 billion tonnes comprising Indicated Resources of 885 million tonnes at 0.42% Cu and 270ppm Mo and Inferred Resources of 1,432 million tonnes at 0.40% Cu and 180ppm Mo, at a 0.2% copper cut-off grade. The phase 4b infill drilling program, which includes some 70,000 metres of drilling, is currently in progress with the object of upgrading that portion of the resource which falls within a potential open pit.
As at 30 June 2012, Metminco had cash reserves of approximately A$32.3 million.
Proposed work program
The revised Phase 4 drilling program is scheduled for completion in early Q3 2012, following which the Company will announce an updated JORC Mineral Resource Estimate. This resource update will be followed by the commissioning of a pre-feasibility study in early 2013.
Savings on Drilling Costs: Due to consistent drill results enabling a better understanding of the geology, the Phase 4 drilling program has been trimmed from 100,000m to 61,000m, thereby saving approximately US$12million in the current year.
DYOR Whirly
Metminco ASX ANNOUNCEMENT
13 September 2012
INVESTOR UPDATE
HIGHLIGHTS
Los Calatos
Phase 4 drilling program to be completed in early October 2012
Updated mineral resource estimate to be completed in December 2012
Independent report on optimal mining scenarios to be completed by year-end
Funding
Cash position as at 31 December 2012 forecast to be in excess of US$14 million
Key value drivers for Los Calatos, Mollacas and Vallecillo are funded into 2013
Revised exploration and development programs have mitigated the need to raise additional equity from capital markets during 2013
Funding strategies for the development of Los Calatos being evaluated
I had a look recently, grades are not the greatest. But ........, I will have another look Macduffy. You r right a target for OZL.
As far as MNC Metminco goes Whirly, not for the faint hearted. A gambling stock. Risk verus reward.
Grades are not great and high soverign risk.
Anyone looking at AOH? Currently producing in Finland and involved with the Roseby area in Aus. Its a combo of Vulcan and Universal .They keep finding cu and au. Bouncing about between 27 and 32. Any thoughts? :confused:
Thanks for the reminder, major.
I've had AOH on my "maybe" list for a while and really just waiting to see some interest in the stock reflected in price and volume. It seems that Xstrata are going ahead with their option to buy into the Roseby project and as no announcement as to price within the stipulated 30 days I assume this means it's going to independent valuation. AOH have previously signalled that a decision on the Little Eva mine ( part of Roseby) would be made in the second half of 2012. So, a wait and see, for me.
Hi Macduffy, I have dipped my toes, with copper grades dropping worldwide. I'm betting copper will get tight as it is the metal for the future.
They have a pretty big resource and a huge exploration upside.
The beauty of it is, they are close to infrastructure. Mining costs are so much lower.
If it was in the wop wops, I would not buy.
Tim Treadgold raises the interesting question of whether SFR might go from being the quarry to the prey.
Personally, I doubt it - but stranger things have happened.
http://www.eurekareport.com.au/artic...nesday&modapt=
Thanks Macduffy - I think the author is spreading rumors and nothing more. I find it ridiculous to believe that SFR which just started earning dollars would bid a for a company twice it's size. OZLs history would remind them how dangerous it is.
Bid in the copper pipeline?
Tim Treadgold19 September 2012
Hmm, his memory is short, if he can not remember ziniflex and their foray into nickel. AGM: ZFX: Zinifex Offer for Allegiance Mining The same has happened to Panaroma recently, blown their lifeline on buying non producing assets, which will cost hundreds of millions to get running, when the nickel price is to low to earn.
He is right on one aspect though and that is copper.
"The numbers tell the story.
Copper has risen from $US3.30 a pound in mid-June to hit $US3.80 a pound late last week. It is currently trading at $US3.75/lb.
The stockpile of copper on the London Metals Exchange is down significantly over the same period, perhaps being offset by a rise in warehoused metal in China, though accurate data on Chinese copper is not available."
Ye, I think it more likely that someone will make a bid for one of the companies with undeveloped resouces such as:
RXM - I have a few.
AOH - Roseby project - now that Xstrata is taking up the option to buy in.
HAV - for its Kalkaroo project.
You are probably right Mac Duffy, someone will make a bid.
I have gone over HAV and CDU. They do not compare to RXM's potential, with location and grade.
I'm picking copper will be between $4 and $5 in a very short space of time.
Then we shall see what happens to RMX.
SGQ St George Mining int little spekky ,Cu and Nickel(jv with BHP for Ni only) mkt cap re $10million
I think SGQ is gold\nickel, not much to do with CU Joshuatree.
Be greedy when others are fearful.
The market is presenting a good opportunity to get some discounted copper companies. Unlike iron ore and coal, which still litters Australia's landscape.
Copper supply is declining, consumption is increasing and all the high grade, easy to get stuff is disappearing.
Developing countries will need truck loads of the stuff to keep developing.
Then we have electric cars and solar systems expanding rapidly. It's all positive for CU, there is no easy alternative.
http://www.kitconet.com/charts/metal...-copper-5y.gif
http://www.kitconet.com/charts/metal...-copper-5y.gif
Glanced at KDR tricha? low mc and some good grades.
Bugger, Apologies,:D you're right
Yabster yes some good grades and you never know, could it be the next Sandfire?
A gambling stock and after a few intercepts, the management have put their hands up for more cash raising.
Toss a coin.
I am sticking to OZl ( hold 20% of Sandfire) and RXM.
On a bright note, copper is looking exceptional good, stocks are low and prices are up there.
Even if the economy does not recover, a good copper company will do well.
Unlike iron ore and coal, whick I think will be a poor performer for a very long time.
http://www.kitconet.com/charts/metal...-copper-5y.gif http://www.kitconet.com/charts/metal...-copper-5y.gif
This is a bit scary, tricha, but I hold the same view on copper and hold the same copper stocks as you, OZL and RXM. I added a few more RXM last week but really waiting for some movement in the SP to tempt me beyond the token holding stage. I still think that OZL is the best value in Cu but the market doesn't like them holding on to all that cash, presumably thinking OZL will miss out on buying something that they should! Like the rest of SFR? Or perhaps HAV's Kalkaroo deposits?
I may still have to have another look at OZL, nevertheless.
Interesting headline here from The Australian.
http://www.theaustralian.com.au/busi...-1226490958976
I'm not a subscriber so don't know the detail but it rang some old bells.
- Bouganville Copper - BOC - remains probably the richest copper mine in the world - last production 15 May 1989! Rumours of settlement of the dispute and plans to resume mining (practically from scratch) swirl from time to time and the co still commands a SP of around 75c.
- Owen Hegarty was, of course, CEO of Oxiana - now OZL - at the time of their near death experience. Famous for his oft quoted "stronger for longer" in respect of Australia's mining boom. But not to be ignored, I would think.
Scary no, OZL is a no brainer, especially with the strenghten of the copper and gold prices.
RXM are starting to make things happen, as far as production goes, securing water. As we know its a perfect fit for OZL, time will tell as always.
I think we are on the right track Mac Duffy
Copper is holding up extremely well, unlike other metals. Where will it go, only time will tell, but 1 thing for sure is with oil becoming more expensive.,
Copper will be in greater demand.
So companies like OZl will do ok.
Where is the next find like.
SFR Sandfire Resources NL,
I wish I knew, OZl hold 20%, a blocking stake.
Copper Shenanigans from Beijing
By Richard Mills10/12/2012
http://www.financialsense.com/contri...s-from-beijing
CU Copper is a super metal, as oil prices increase, so will copper.
Nothing will move without it, it's so simple.!
BHP Billiton sets its sights on copper after assessment of bull market
BHP Billiton has been wining and dining analysts on a tour of its copper assets, telling them that it expects to be producing an additional 350,000 tonnes of the red metal from 2015.
Olympic Dam in South Australia is not part of BHP's copper expansion plans for the simple reason that its $30 billion price tag is too expensive, even for the likes of BHP. But expanding in copper BHP is, with the additional output to come from the South American and US mines in its portfolio.
Oil up, copper down. That's not bullish.
thats what u would call, Danger pending
That the very reason why I predict another recession coming in the next 6 months.
Copper being a key indicator of world economic health.
Oil is to high ? Bleeding everyone dry. Consumer spending drops.
lets all hope these trends reverse soon.
peak oil in play.
So who's talking porkies these last couple of years???
Media saying the global economy is slow outside USA but no worries as it will recover from here
or
Dr Copper who says the global economy is worsening.
The only comments from the chart below is the May 2010 long term support line (not shown) got busted today...so the long term downtrend continues with lower highs and lower lows...
http://www.kitconet.com/charts/metal...r-5y-Large.gif
I mixed on copper. Hedge funds have gone after it because everything else is off except gold of course.
So copper was next cab off the rank.
I believe there is now a massive short position & the surplus in copper is tenuous.
Unlike iron ore I think China's demand will continue to grow as they become a more services & consumer based economy.
I'm eying up some buys.
Did anyone jump in? I went large on OZL on Friday.
Copper now up 2 days in a row, combine that with gold it should he a sweeeeeet Monday !
From a Mitsui report.
LME copper stocks continued to rise, edging higher on Friday by 675 tonnes to 248,125 tonnes. They have jumped 40 percent so far in January.
I would suggest it goes lower.
Data from the US is weakening, China the same.
Chinese hedgefunds have been shorting copper!
Says something to me.
I'm not hugely bearish, but I think copper can go below $5k/ton even perhaps $4500.
Hmmm, don't know if it will. We will see this week if the US data recovers a bit. Still mid-winter so maybe not. I see copper took two huge steps down on that Chinese shorting Daytr. Remind you of another commodity chart from 2013 that then recovered afterwards? ;)
http://www.kitco.com/charts/popup/au1825nyb.html
Yep but that wasn't the Chinese shorting gold which is what I assume you are referring to that was Western hedgefunds.
Remember China is the biggest consumer of copper by far.
So why are Chinese hedgefunds shorting?
From what I have heard they have covered but may look to come back post Chinese NY.
What is the bullish argument when stocks are rising?
Last year China stock piled 400k tons of copper, this year its predicted it will be half that number.
Looks like the US is still slowing down a bit
http://www.kitco.com/news/2015-02-02...n-January.html
Looks like the market is pinning hopes on a China stimulus situation as copper powers back above $2.50 p/lb.
http://www.bloomberg.com/news/articl...vity-contracts
Moosie, what are you talking about?
It hasn't cracked $2.50 & is hardly powering ahead...
You obviously know my view, so no pint repeating it.
Good luck guys.
Spot price currently soaring 3%+ to $2.5922. Futures will follow in step tonight.
http://www.kitcometals.com
Yeah I saw that after I posted.
No one actually uses a spot price for copper.
Its the 3m price that's the copper bench mark, so that's the price for May.
If you asked most traders what the spot price for copper was they wouldn't even know the answer, they would calculate it back from the 3 month price & in fact that's how it is calculated.
So actually Futures dictate the spot price, not the other way around.
Much higher & even the 3 month is now around $2.56/Lb !
I would suggest this purely speculative interests covering before Chinese NY & others going long on the hope stimulus in Europe & perhaps China creates demand. The data including stocks is telling me otherwise.
Copper down 1% as I write.
I don't expect the Chinese hedgies to be back until post Chinese NY.
$2.50/Lb is relatively cheap compared to what we have seen, but production is a lot higher & productions costs due to energy in particular will be reducing.
However the main reason I am bearish is world growth & demand looks weak & I think copper stocks will continue to rise.
Same pattern as the previous night.
Copper down by over 1% only to recover later.
Pessimism in Europe being offset by optimism in the US?
Copper down 2% despite the NFP number!
Well copper stocks shot up 13% the night before so that's probably the main driver.
I tell ya copper is going lower.
Stocks growing rapidly.
An interesting snippet from FN Arena.
"Copper: Improving Fundamentals
This might come as a surprise to many, but the average annual growth in copper consumption over the past decade is only 2.5%. Note this is including Super Cycle China's emergence post 2003. Incredible, but true, average demand growth for aluminium over that same period has been twice as high.
One would not think such is the case when looking at the price performances for both major metals. So what's been driving the price of copper if not insatiable demand from China?
In two words: disappointing supply.
And copper producers in early 2015 are back at doing what they do best; missing production targets and reporting delays, closures and interruptions.
Here's a brief overview from a recent sector update by Citi:
"Rio cutting Kennecott’s expected output by 100,000 tonnes, BHP cutting 150,000 tonnes from Escondida’s 2015 outlook, while Glencore has cut guidance at Minera Alumbrera by 50,000 tonnes. BHP Billiton announced a 6-month care and maintenance outage at the Svedala mill, the largest of three mills on site at the Olympic Dam facility in Australia. This operational disruption is likely to cost the mine c65,000 tonnes of copper concentrate.
"Closures have occurred at Mineral Park, Boseto, Aranzazu, Wolverine, Troy and Dikulushi. Barrick has placed it 135,000 tpy Lumwana mine on care and maintenance due to introduction of a 20% royalty rate on open pit mine operations in Zambia, up from 6% previously. This royalty rate move has prompted a freezing of mine investment in Zambia, and we believe will prompt further production losses through the year if the policy is not reversed".
So far, it appears the market hasn't paid much attention to all of this, instead taking lead from macro-issues, including Chinese New Year. At some point, however, this is likely going to change.
Citi analysts, for their part, expect increasing supply problems to be "highly supportive" of copper prices, probably in the second half of the year. On Citi's projections, copper should revisit US$7,000/t before year-end."
FND Flinders mkt cap $124 mill s/p 17c Director buys a million @ 17.5c
2.3% grade
LOM cash cost US$1.05 lb
18month pay back
28,000 tonnes copper cathode a year atm
worth a look
Investor Presentation - Sydney Resources Round-up (amended)
Nice reports out on FND. Still pretty unnoticed by mkt but up to 20.5c today. AISC of $1.33 lb. Selling for $2.60 lb High purity copper cathode
Quarterly Cashflow Report 30 June 2017
Quarterly Activities Report 30 June 2017
Some thoughts on copper.
https://www.livewiremarkets.com/wire...563b0-82636925
FND
Wetar Production Update
Trouble at the mill with up to 500 tonnes copper lost production for the year dropped the price back to a buy for me ;;DYOR.
BTW thanks for CZI shasta very int and tiny mkt cap .
Avb : have held since 2014.
A few points I've picked up on CZI
"A 0.7% pure Ni mine compared to a 0.7% Ni equivalent mine like CZI have is only good on paper
ie some of the comparative BHP mines are pure Ni , which means lower processing cost and improved sales price of Ni as concentrate is not made of other minerals (Cu ) that need to be separated when sent to a concentrator and smelter as with Nebo
If their JV partner does not go through to the second stage in the next few months then the project becomes a white elephant
For a > 4mtpa project it will need around 200 employees on site I am guessing , that will require a change over of around 100 employees a week who will need to fly out on a decent sized turboporp aircraft so they will need an airfield with guessing a 1km long runway , they do not even mention that in their costings ."
Shasta do you know if there are any high grade pods that they could bring in early to mine, is there a scoping study there somewhere, thanks.
Maybe you're looking for a short trade not an investment longer time frame play? cheers JT
They see Nebo-Babel mine as a Ni project even though its 830kt Ni and 850kt Cu with low arsenic and impurities so a low cost project.
Succoth is 936kt Cu all within the West Musgrave project, so its scale that OZL is interested in, and give there project pipeline is a medium term option.
They are 30 km from nearest airfield, yes they have done the scoping study, Cu and Ni prices have firmed since, updated scoping studies and Stage 2 funding decisions due Q4.
For me its a longer term play/punt on Ni prices and for the large Cu resource to be a cheaper option for OZL than green field exploration.
For a MCap under 20m with a 830kt Ni and 1.8mt Cu resource, you'd think OZL would just take them over at say 15-20c and fast track the BFS.
CVV is another small cap copper company with a large resource, TLM also have a JV with SFR on a very high grade copper project which will be in production well before CZI, so i may trade in/out on CZI/TLM.
The Q4 update is critical for CZI a green light will set the SP on fire and as you say, OZL walking away puts the project back at least 5 years, although i cannot see OZL leaving such a large resource for another company to grab.
CZI from 5.86c to 8.1c re 2/08/17
FND from 20.4c to 24c
FND has about $1.5 billion cu insitu (mkt cap re $185 mill)at great margins but it seems country risk and slightly threatening takeover offer at lowball price @ 23c back in october is holding s/p back.. Positive cash flow of $27 mill for Qtr , debt dropping fast , now re $51 mill. LOM cost for copper cathode $1.05 a lb!!!
Unaudited Full Year 2017 Summary
Hows CZI going shasta?
I'm in TLM at the moment, its not moved much yet its in development ahead of schedule, high grade Cu, IRR of 78% + and SFR are keen on exploring around Monty given the proximity of their De Grussa project and facilities. Less than 12 months away from production whereas CZI is still a few years away, OZL are progressing the JV can't see them walking away.
Well FND shareholders have capitulated and the takeover play from eastern fields is over 50% acceptances now @ 23c. One of the directors has a foot in both camps, so you have to wonder if we've been played with. Quite a capitulation in the last few days. Oh well a profit is a profit, just expected more, sa la vie.
TLM has dropped a little Shasta. hard in the small/ micro caps atm
I'm a little puzzled, TLM have picked up some gold projects in NSW, whilst minimal cost I think the market is confused why they aren't spending the time and resources on there nickel project. They own the processing plant and the future for nickel demand looks good, why not progress this and build up nickel resource.
Given its ahead of budget I'm comfortable they will be in production late 2018.
Given its proximity to SFR's Grussa project and relatively short mine life only about 10% of drilling for copper has been outside of Monty, again why aren't they drilling around there.
Might put this to Management as to why SP weakness at a time its all ramping up, finance in place etc.
Have taken advantage of the weak share price to top up.
http://www.talismanmining.com.au/ima...M-20171108.pdf
Current SP 20.5c
Great timing shasta you look to be re a third up. Copper looks to becoming a hot sector to be in, with a looming shortage not far off if projections are correct ,eg EV production. I have a list im going through atm, will share when ive bought fwiw.
The AFR reports that copper has dropped for five successive weeks on China/USA tensions. I'm watching OZL for the inevitable recovery.
Switched out of TLM, given they selling there chuck of the Monty project to SFR, more upside in SFR than TLM with this transaction,in my view.
Have a look at HCH, off the radar as US based, but plenty of copper and gold, their comparison to when they had a market cap of 250m v 30m today and how far they progressed since then is mind boggling, 1.5mt Cu + 1m/oz Au resource now....
Thanks.Had a quick look at presentation, Productora has very low grades, no idea what the costs, strip ratio, overburden are but thats a great example of the sign of the times , all the good grades are mined or being. Presentation, Price the same per $3lb (currently$2.7604 in this severe sudden drop) but mining costs 10 years later will be away up.... El fuego looks spicy. Low mkt cap because of grade? Reading and watching more before i consider buying Cu stocks atm. Uranium looks ahead in the cyclic turn stakes but hey folks have been saying that for 10 years.
HGO, OZL, STM , DGR are some of the Aus Cu stocks on my list im looking at
https://www.bloomberg.com/news/artic...body-s-selling
Interesting article. Hold a small amount of BHP and would like more which I will get (very slowly) via the recently introduced DRP.
Good read thanks B. Copper down 16% since June. Trade wars worries seem to be the main culprit. I hope EV take up is as predicted for environmental reasons but wonder if they've got their estimates way over optimistic as they often do. Still Copper deposit discoveries of any grade and size are just not happening anymore.
Yes, as much as I like the idea of EVs taking over, my guess is it will be a couple of decades before we see significant numbers of EVs through out the world. I recently bought NZ Refining because I still see petroleum being a huge part of our lives until well after I've died.
One advantage of BHP is that it allows me to have a bob each way. Its gets 18 per cent of its revenue from petroleum but of course its main business is metals including copper.
Thanks.Have you done much research on HCH esp re the costs of mining which i havnt found atp.
FWIW a friend( who specialises in small mining stocks in aus and who i rate very highly) was in HCH a while back and had a lucky escape , selling his shares on time. IRR of only 15% and scathing of at least one director, avoid is his opinion . It looks like a rinse and repeat stock which may suit some traders but not me
Bought some MOD today @ 46c hopefully as a longer term investment.
T/H for MOD re significant drill results
Download Document 2.16MB
- MOD up 15% today.
- Download Document 1.31MB
NZC Copper/ Cobalt 12 month timeline to production. Sub 300 million shares (undiluted)
S/P has bounced from sub 20c to 33c i hold, DYOR
Copper price looks to have bottomed but may be a fakeout.Up 1.29% month down 6.53% 1 year
- Lithium-ion batteries typically employ a ratio of 60% nickel to 20% manganese and 20% cobalt (6:2:2): cobalt contributes 60% of the value of lithium-ion batteries
Download Document 4.97MB
Explorer MOD , Cu with Ag credits not doing so well for me atm. Well down.
Presentation from Diggers and Dealers conference
Download Document 4.97MB
https://oilprice.com/Energy/Crude-Oi...In-Common.html
Copper is where its at:
"Can copper producers effectively supply electrification of the transportation sector in the coming decades?
Rio Tinto, EMR Capital, and BMO Capital Markets have all expressed concern about copper supply in the coming decades. Earlier this year, CRU Analyst Hamish Sampson provided a stark supply outlook stating that “only if every single copper project currently in development or being studied for feasibility is brought online before then, including most discoveries that have not yet reached the evaluation stage, the market could meet projected demand.” The forecast suggests that copper production could plummet from current levels of roughly 24 million metric tons per year to just 12 million in 2034. Two hundred copper mines are expected to reach their productive end-of-life by 2035."
MOD , Cap raise $5 mill @ 24c for holders. $10 mill raised @ 30c from Instos plus Sandfire lob first bid @ 38c. Let the games begin. Download Document 168.73KB
Good time to be looking around at copper companies again, SFR already bought out TLM its JV partner, is this the start of SFR/OZL snapping up on the cheap, copper pricing hasn't been strong of late despite it future looming supply deficits.
CZI still looks far too cheap, but OZL are already funding them, takeover at some point seems logical.
I sold HCH at a loss, just not enough attention to attract a bigger partner and the capex requirements to unloc value from their gold/copper JORC resource
Copper is so crucial in electrifying the global economy that finding enough of it has become a national security issue, according to mining magnate Robert Friedland.
Mining companies will have to be “real heroes” and governments will need to accept the industry if the world is to successfully transition to clean energy and transport, said Friedland, founder and co-chairman of Ivanhoe Mines Ltd., which explores and develops mines in Africa. The world is yet to grasp the scale of disruption in replacing fossil fuels, with most people in urban areas unaware of where materials in everyday life come from, he said.
I did a bit of research on copper investment potential the other day.
There's a strong case for it - well summarised here
https://www.livewiremarkets.com/wire...hree-big-plays
But also a very compelling counter argument, brilliantly made here:
https://www.livewiremarkets.com/wire...copper-edition
Not sure which way to go - comments welcome!
Yes always two sides of a story .. personally I believe more in the former .. many major Copper Mines are seeing grades dropping in Chile ..and because of the commodities BEAR market over the previous decade.. there was much lower investment in exploration and as mine development can take 10-15 for a major mine to production .. I don't think we will see demand being meet ...if the world continues down the path of updating and increased electrification .... many Nations want to ban ICE autos from as early as 2030 !! more EVs more, Large TVs , More tech overall robots etc
SP500 Vs Commodities ratio certainly doesn't show Commodities overvalued to the SP500 market
KMT … ever hopefully 😂
I hold SVY and ICG for copper/gold. Stavley is more advanced than ICG, but ICG has some excellent tenements in Peru, and NT, Aust
prices at close Friday SVY 61 cents, ICG 12.5 cents
My biggest holding now is CYM, worth a look. Interesting @jbmurc I hold cnb too.