Coppernico Metals Inc CPPMF

Primary Symbol: T.COPR

Metals & Mining Industrial Metals & Minerals

Coppernico Metals Inc. is a Canada-based mineral exploration company. The Company is principally engaged in the acquisition and exploration of mineral property interests. The Company is focused on exploration and discovery of copper-gold deposits in the South America. The Company’s primary asset is the Sombrero copper-gold project located in southern Peru. The Sombrero Project is a land package of approximately 102,000 hectares located about 340 kilometers SE of Lima in southern Peru. The concessions are hosted in the northwestern extension of the Andahuaylas-Yauri belt. The principal targets at Sombrero are copper-gold skarn, porphyry systems and precious metal epithermal deposits. The Company’s subsidiary is Sombrero Minerales, S.A.C.

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Coppernico Metals Inc > Low inventory can be a bearish sign

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Comment by AlfTanneron Jan 18, 2021 4:18pm

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Post# 32322289

RE:RE:Low inventory can be a bearish sign

The following times are when a drop in the warehouse inventory resulted in a declining price of copper:
Early 2020
Early 2019
Early 2017

It happens often enough to show that there is not very much correlation between the warehouse inventory and the future price of copper. Warehouse inventory is a pretty useless indicator.

See for yourself if you think the warehouse inventory chart could have allowed you to trade copper profitably:

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