88 feet a second Good Update - andthen some Mergers will not’ adress the copper shortages – Mark Bristow/ABX-GOLD.
Anglo America – BHP takover will only lead to further production reductions.. “””!”””
Russia Produces 700,000 tons Y/Y
Barrik Produces 40,000 Tonns Y/Y
gllobally there abour 500 copper mines..
..”the demand ladder cited universally is a stuffin”
what is reducing copper output is simply the cost of mining… $$$
barriks last Y/Y statement (globally – all properties/producing) had 6% and %8 or 8% -4- a 6 & 8% inflation tagg/ fuel labor etc..
what is never stuffered w stuffins is the 700K Red Tonns exiting the LME and moving into the Shang Hi Futures/Forex…
→ get a clue ! 700K headed to china on LTC’s – Freight on Deck. Leavesthe shanghongcongking a freight delivery and pasted in currency other than yankee fiat…
that 6 & 8 % inflation note/song will probably root at another 20 to 35% by early oct/sept as the current LME wharehouses are emptied…
IMHO there will B kno better-dead-than-red copper flowing thru london..
otw cirillo is in hot pursuit to get that 40K up to 400K soo he can play the 240 and 480 copper hots off of a fresh power line…
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THEN
I passed that new very large pressure vessel headed up on 95 w double wide transporters.. the vessel was full length of a trible wheel – haul rigg..
ALWAY
let NCI mine focus on pennies from heaven and how many mines are down in anygiven quarter for maint – expansions – mergers – civil wars… → skip the silly starved natives… the russians hav reopened the salway corridor in africa and shipp grain w fertalized… the gonzos from the unkle sam clubbb are now shot on site.. in Niger the forces still on that base are surronded by russian regulars and are wearing body armour.. apparantly they do not get invited for the morning jog…
the update is simply a re-post of a-priorie problems