RE:RE:CANDENTE COPPER WILL BE HEADING HIGHER & PRODUCING IN 4YRSThe market is retreating. The economy is either going to or already in recession. Fed is using high interest rate to damage the economy in order to tame inflation. The scenario is similar to 2008 but the interest rate has to be much higher and the recession could be longer than 2 years. How high the interest rate, the rule of thumb is at least as high as the inflation rate. This will mean Fed rate at least 10% and commercial rate will be 12-14%. At such rate, the capital market is gone.
Some posters are very optimistic on the higher copper demand and higher copper price. During a recession cycle, commodities will be hit hard and the demand will be reduced dramatically. Will Candete go to domant again? I hope not. The management is working hard to raise the money to start the project. Let's hope for the best.