Post by
marketsense on Sep 19, 2020 1:11pm
Copper Story
Is just geting started. The "V" recovery will slow down but advance still on track. What
is important is sustainability going forward. If Biden gets elected, will be a huge push for
EV"s. He wants EV charging stations all over the US to help in pushing the transition forward.
In addition, more emphasis on renewables through a sensible transition approach. The other
important aspect will be a cessation of escalating trade war tactics with China. He prefers
going the international trade court route rather than direct confrontation through increasing tariffs.
Thats all bullish for copper IMO.
Meanwhile, TKO next move is getting financing for Florence. When final permits are approved,
financing should be a snap of the finger with realtively easy terms. Combination of debt and
cash but I hope they don't have to take on a partner in a jv. Florence is too profitable to give any
away and there should be no need. Once the field is drilled, minimum maintenance costs going
forward unlike open pit. Just maintain the pumps and the monitoring technology. Its all hi- tech
with sensors and computers to keep track of the process. EPA can track how things are going with their own feed going directly to their offices. A thing of beauty and highly profitable.