Post by
JCSunsfan on Mar 11, 2024 11:10pm
Resistance
Can TGB break $1.80 USD? That seems to be major resistance.
Comment by
JCSunsfan on Mar 12, 2024 7:27am
$1.86 in US pre-market. I'd that holds it's a big deal.
Comment by
nofluff on Mar 12, 2024 10:04am
Well jc. Fluff is on record saying tko would consolidate for a bit at 2.50 cad. I think that about 1.80 tgb. If copper makes another .50 then 2.50 wall will fall fast. I am hoping for my 1rst bag on ncu before month end. Happy hoping:)) Nf
Comment by
JCSunsfan on Mar 12, 2024 4:42pm
Copper up .50 will make a huge jump in SP. Right now, just based upon Gibraltar this stock should be at 2.50.
Comment by
JCSunsfan on Mar 13, 2024 7:49am
Copper touching $4 this morning. That's a very good thing.
Comment by
JCSunsfan on Mar 13, 2024 9:12am
Since c1 remains the same regardless of copper price, ever .10 cent rise in copper adds about 3.5 cents per share to the annual bottom line (at 115 million pounds of production). If a 10 multiple is appropriate for this stock, then every 10 cent rise in price of copper should result in at 35 cent rise in price per share. theoretically. Price of copper means a lot.
Comment by
slewfoot2 on Mar 13, 2024 9:48am
ummm... wrong again jc.... tko stated they have hedged 40% of 2024 production at 3.25/lb.... they also stated c1 will rise due to lower production and increased costs due to shutdowns and pit move.... wtf are you spreading false info.... are you done counting seacans on google earth at florence already?.....
Comment by
nofluff on Mar 13, 2024 10:41am
Fundamentally as well. Have to go check my colts:)) Nf