RE:RE:RE:Just when it was starting to look good...Newbern wrote: It seems like every few weeks China jawbones about cost of metals and prices fall back. Then the following week prices go back up.
Perhaps the pullback in copper price and miners is similar to the price action around $4.50. I am not seeing an increase in warehouse copper levels.
Yesterday as the TKO SP stopped dropping I added more shares. I am also holding CMMC and MIN. It is likely only a matter of time before MIN has the in situ mining optimized; this is a very good entry point for someone who believes Gunnison will be optimized for production.
Next quarter TKO may have the best revenue since 2012. Plus, Florence permiting could be complete. It would not surprise me to see a doubling of the SP from here.
No copper then no new electrical infrastructure. No new infrastructure then no EVs or charging stations. And a minimal converstion away from fossil fuels. I do not think the people in Washington fully understand the need for metals. The copper price has just started going up IMO.
You're spot on in regards to the US government not having a clue pertaining to strategic stockpiling of necessary "green" metals. You've got to give credit to Chinese leadership in this realm. They are strategic and cut throat in planning for the future, especially so in obtaining all green metals. They have dedicated teams tasked with this sole mission. The U.S.? Not so much. The O'Biden leftists currently in control of US politics is more concerned with ways to obstruct new mines coming online. God forbid they actually properly plan for their so called Green New Deal. Undoubtedly, this will come back to bite them in the proverbial azz. How? The chuckleheads will be forced to pay the piper, especially pertaining to copper, when they finally start their infrastructure spending / purchases of mass amounts of copper. So Newbern, you're right. Due to all of this and more, it's hard to see the price of copper dropping below $4 US anytime soon. Great for Taseko, horrible for us US taxpayers that are currently living under dementia control.