RE:RE:RE:copper pricenofluff wrote: Your comment made me think about closing out the 4.75 call for h1, 2023.
They will probably break even for this years insurance buys and sells by end of Aug. By then I expect copper at 4.00 plus. So to buy a 50 million pound call at 4.74 with copper headed up would be about 10 million or more. I would do that and then get out of the insurance gamble and stick with mining. Might get it bought for 3 million now.
nf
History tells me that TKO brass tends to be conservative to pessimistic in their copper price predictions, so I doubt they would be motivated to do this.