GREY:NEVDQ - Post by User
Post by
bogfiton May 06, 2022 1:25pm
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Post# 34662736
Domestic producers must remain patient.
Domestic producers must remain patient. The more chaotic the scene, the more difficult to it is to forecast over the short term. Will 2008’s Great Recession repeat, or will supply chains reestablish to reduce prices, control inflation, and give the global economy another shot in the arm? Will Putin’s war end in a few months, and the hunger riots of 2023 soon forgotten? I know none of these answers but have yet to see a break in the storm clouds that threaten our picnic.
Over the long haul all the factors that discourage me short term, are IMO huge pluses for PH and all domestic producers of the metals that will be needed to adapt our civilization to its new weather and climate. The consumption of copper may fall world-wide, but the supply from foreign lands will be even more curtailed. It won’t be simply the difficulty in mining and transporting product, but increased cost and likelihood of nationalization.
It was never my expectation that Nevada Copper would operate a copper mine here for the next twenty years, and I do not see them doing that now. What I am waiting for is Pala to recognize they have little chance of profiting from the project over the immediate term, unless they are willing to sell their interest for current market price.
That will happen when they see another investment with more promise.
b.