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First Quantum Minerals Ltd T.FM

Alternate Symbol(s):  FQVLF

First Quantum Minerals Ltd. is a Canada-based global copper company. The Company produces copper in the form of concentrate, cathode and anode and has inventories of nickel, gold and cobalt. It is engaged in the production of copper, nickel, gold and silver, and related activities including exploration and development. The Company's operating mines include Cobre Panama, Kansanshi, Sentinel, Cobre Las Cruces, Cayeli, Guelb Moghrein, Ravensthorpe and Pyhasalmi. Its development projects include Enterprise, Haquira, Taca Taca and La Granja. Its operating segments include Cobre Panama, Kansanshi, Trident and Ravensthorpe. The Cobre Panama project comprises a series of copper porphyry deposits with main deposits, such as Balboa, Botija, Colina and Valle Grande. The Trident segment includes the Sentinel copper mine and the Enterprise Nickel development project. Its Ravensthorpe Nickel Operation is an open pit mine and primary processing plant located in the southwest of Western Australia.


TSX:FM - Post by User

Bullboard Posts
Post by Winniepup21on Jun 07, 2016 3:06pm
114 Views
Post# 24942916

Stockpiles are transient

Stockpiles are transientI wouldn't look into the stockpiles numbers too much. The Chinese hold custodial warehouses globally as part of its overall infrastructure portfolio and they transfer stockpiles around. Look at the reversal in gold today from daily lows to daily highs - i.e. the $DXY is under pressure. Look at oil now clearing $50..... copper is being held back and manipulated. Much easier to move around the globe than a boat full of gold bars... right/ Technicals showing the last 3 days well up and out of Bollinger bands so coming back in the band - longer term investors don't sell. short term traders should buy. I believe we are on the way to $15-16 in this wave based on weaker $DXY GLTA WP21
Bullboard Posts