Post by
goldanalyst on Sep 10, 2021 10:42am
Copper Prices up Huge Again!!!
Up 4% today alone!
Hard to believe we can't make money at $4.40/lbs copper....lol
Comment by
nofluff on Sep 10, 2021 11:24am
Yes. Can u imagine. We sold a million pounds of copper last q. That was 5 million dollars of low grade developement gold. If management had the common sense to get some abandened mine would beams and just buy the miners some hip waders. We would b at profit. There is the surface fan cost. Surely they could have installed some 12 volt computer fans instead. Nf
Comment by
patchh on Sep 10, 2021 11:03pm
The TD Analyst on BNN a few months ago.. said correction to around 4$ - 2nd quarter... looks like' he was rite.. approaching 4.25$ for 180 MDA.. pretty solid Cu++ will not go below 4 and continue to march towards 4.50 / 4.75$ EOY on simple standard inflation metriks... somethng has spooked the 4$ bottom in late aug ??? -->>> shipping is a poor rational...