RE:RE:RE:WhyLogic IMHO copper is dropping.
Went a bit too fast too high.
Q2 results are coming in and they're not looking good.
Car electrification took a step back in Europe due to Covid
Big drop in activity in Europe and America...and Europe doesn't look OK because second Covid19-wave is aready there.
Trying to stop this by all means because it will distroy Economy.
Copper production kept strong - Chile not impacted as much as was tought.
Also lots of scrap not yet on the market.
2020/2021 will be hard for copper but...but .it will all turn well after that..
World is in need of copper. Not only the Western world - the East will go in front.
BHP having problems with Escondida mine - Chile in desperate need of money. They spended 15 years a higher rate of water! Water level in the area went down drastically.
Now they want money instead.
Good thing copper stocks went down fast also. Hopefully not a lot of hidden stocks....
If we can manage an average Cu-price of USD/lb 2.90 in Q3 it will be nice + money in the bank for Taseko.
Grtz
Rudy