GREY:NEVDQ - Post by User
Comment by
Oenophileon Oct 25, 2020 10:59am
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Post# 31778123
RE:RE:Hey Bog
RE:RE:Hey Bog10x cash flow at $4 earnings is ~$1.45, so yeah $3 is an absurd prediction. Copper isn't going to $6 in a year. GS is predicting $3.40 12 months out of a Biden win. If anyone here knows better they're in the wrong business. Prices contracted along with everything else in March, supply contraints from Covid and China rebuilding inventory caused the rally. We've seen spikes on perceived shortage for monetary metals and PGM, but never copper. Could see that with nickel though, not that many large nickel sulphide deposits out there.