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Bullboard - Stock Discussion Forum Nevada Copper Corp NEVDQ

Nevada Copper Corp is a Canada-based mining company. The Company is engaged in the development, operation, and exploration of its copper project (the Project) at its Pumpkin Hollow Property (the Property) in Western Nevada, United States of America. Its two fully permitted projects include the high-grade Underground Mine and processing facility, which is undergoing a restart of operations, and... see more

GREY:NEVDQ - Post Discussion

Nevada Copper Corp > Copper up this morning; ICSG report out
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Post by rockhound3 on Oct 14, 2021 7:56am

Copper up this morning; ICSG report out

The International Copper Stufy Group annual report is out and they see copper coming back into surplus.

That said one of the big advisory groups are calling for copper to hit $4.77 by year end.

My impression is that often the ICSG is wrong about future supply/demand/&pricr of copper.

it is important to be aware of

-the long lead time between discovery and production= ie NCU =15 yrs

- Global Climate changes

-Political issues

-Demand factors such as EV, solar panels, etc

-other issues 

As we will see with PH = once the infastructure is in place the mine will operate until the marginal cost of further mining exceeds the revenue generated 

For those new to the board I refer to the Kidd Creek mine just north of Timmins which I first saw from a helicopter in June of 64 as 20 tents, which incredibly rich deposit is now almost done as they are down 10.000 feet where the heat and pressures are very significant!

Hopefully another good day on the market!

ROCK

Comment by bogfit on Oct 14, 2021 10:15am
Copper Market Forecast 2021/2022 The International Copper Study Group (ICSG) met via a web-meeting, on 5-6 October 2021. Government delegates and industry advisors from most of the world’s leading copper producing and using countries participated to discuss key issues affecting the global copper market. In the meeting of the Statistical Committee, the ICSG view of the world balance of refined ...more  
Comment by bogfit on Oct 14, 2021 10:26am
"world copper mine production, adjusted for historical disruption factors, is expected to increase by about 2.1% in 2021 and 3.9% in 2022::" FYI - Global historical disruption was in the 6-7% range.  If disruption FROM ANY AND ALL SOURCES (power shortage/supply chains) should increase by one-third that would put copper into permanet deficit. b.
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