RE:RE:RE:RE:RE:$5.70 bid/ask Don't worry patience is there I learned a long time ago that mining is a long game with short term buy and sell opportunities. Look at the forest not the tree !!
No matter what they say in terms of taxation, China plating games you name it one thing holds true NUMBERS, Supply and Demand balance. We know at the current cost curve driven by lack of greenfield projects , copper grades dropping, you have to go further and higher to get some! If you add taxation hike who is their right mind will take all that risk for a loss or a small profit ! Hence the natural curve is maintained and expenses are added to the final price passed on to the consumer.
Tesla just raised the price of it's vhicules why? Costs more to build ! Why wouldn't miners do the same ...
Tesla has competition storm coming it's way that will force the price down copper has very little ... yes you can use aluminum for certain things but you loose performance ...
it's the perfect storm and nothing can be done to stop it because nothing was done for 10 years now. Think about it Marimaca is as cheap as they come straight forward project low capex, low AISC ETC does it look appealing to you? Don't let the market play with your head low liquidity means mm are trying to take a big position it's a win win project!
sorry if i ramble on just vomiting my thoughts between to conference calls ;-)