Post by
nizza on Jan 22, 2024 11:40am
Patience should be worth it here
If we think about it, the future prospects in the copper sector, but also in the precious metals
sector, are relatively good. Yes, patience was tested in this case, there is no doubt about that.
However, if the environment in the next 1-2 years leads to copper prices of 15,000 USD/ton, gold
at 2,500 USD/oz and silver perhaps 30-40 USD/oz, as many market participants expect, then
patience might be worth it. And in the meantime, the drilling program at Norte, Sur and Verde
should significantly increase the resource. All of this should be the material for a re-evaluation.
The raw materials markets are still not the focus of the broader market. This is also likely to
change as raw material prices rise.
Comment by
toorisky29 on Jan 22, 2024 5:04pm
It's a big test of Patience an little result .. as everyone knew all along the tons of copper this had .. but sounds like it coukd be a sleeping monster.