RE:RE:RE:Bill Matlack =eps of 22 cents in 2022Goldrainium, in my opinion it's the trade war which has battered down the price of copper which is hovering just north of $2.50 USD as I write this.
President Trump is sticking to his guns. China has more to lose if this keeps on going. Once the trade issues are settled I expect copper to head back in the direction of $3 and above and MIN will head to close to $2 in the short term.
One curious thing here in the U.S. I've noticed is that not one Democrat candidate is calling for the President to give in to the Chinese. Those in the know, know that the Chinese have been manipulating its currency, and stealing the West's technology. Someone had to put their foot down and say enough's enough. And the President is doing just that with no push back from the Democrats.
All that said, in my opinion, when viewed through the prism of a mine with a life in excess of twenty years, today's worries don't matter. The long-term outlook for copper by all accounts is very positive. Some see $4 - $5 per pound. In that case, a few years down the road we could be seeing MIN trade above $5 if we're not taken out before then.
As always, people should do their own due diligence.