Post by
Alanmakingcents on Jan 16, 2018 12:58pm
Heady Stuff about bullish sentiments
Of the metals in a write up on the upcoming Vancouver Resource show. Of course it's a promo but the numbers are impressive. Projected 4 million t. future copper deficit. Substantial increase this year in exploration budget for all metal exploration. All in costs for future copper mines to be 10k per tonne.
I usually go go but this year might pass. Need a warmer destination. Hopefully I've whetted the appetite for others to go and tell me what I missed. HDI has a booth. Heatherdale not specifically represented but NDM and AHR will be.
Alan
Comment by
nofluff on Jan 17, 2018 10:05am
So you are saying 4.50 u,s per pound c1. That means copper needs 7.00 to justify a new mine. nf
Comment by
Alanmakingcents on Jan 17, 2018 10:37am
Well that is what the mining community/experts are saying. 4.50-5 us or seven cdn. going forward. They are factoring in time and risk involved with permitting delays and hassles. It takes a decade to bring a discovery to production and at our age a decade is a very long time! Alan
Comment by
WinstonSmith on Jan 17, 2018 11:19am
What copper price if the permitting is substantially completed, the state government has lined up financing, and the locals are begging for work?
Comment by
Alanmakingcents on Jan 17, 2018 11:30am
HTR will not need a decade. As you said Winston, we are well on our way. Of course it has been a long time since our ore body was first discovered. It's a good thing that junior investors are oblivious to the time factor or any real investor would run from any exploration play. Alan
Comment by
nofluff on Jan 18, 2018 4:11pm
Htr is showing the most strength of all 3 colts and tko. Although tko showed a good clise today.
Comment by
trivela on Jan 19, 2018 5:25am
NF, you still think we will have a deal soon?
Comment by
nofluff on Jan 20, 2018 4:19am
Depends what you cal soon triv:))) I think before march something happens. nf