GREY:NEVDQ - Post by User
Comment by
quinlashon May 15, 2024 11:01am
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Post# 36041129
RE:RE:RE:RE:RE:NCU
RE:RE:RE:RE:RE:NCUPrice per pound for the mine to be profitable has been disclosed, in part through the company presentation on their website and then in part through interviews and disussions you can find online.
Issues and challenges with the mine are understood and the operators are working to overcome existing as well as address risk in what can be foreseen. Again, details have been discussed through their presentations and interviews. it is literally the job of the mine operators to face the challenges and overcome them so yes, you can count on them doing everything they can to be successful. Will they success? This is to be seen but they would not be continuing to work on it if they didn't believe they could do so (hope that makes sense).
As the spot price trends high the motivation for the mine operators to succeed increases, as well as the likelihood that additional backers will come in and provide assistance. Why is this -> Money / Profit of course.
You can bet on it, you can pass, i would suggest doing research into the price of copper first, understanding "The Commodity SuperCycle" and determining what you see as the future for copper based on expected demand to support things such as EV Cars, Power Grid Upgrades, Green Energy Projects, etc etc etc, which will all require copper going forward
Best Regards
Q