Post by
TELEMARKER on Apr 07, 2022 6:56pm
mining.com
Goldman also upped its three, six and 12 months price targets and now expects a new record high within three months and a steady climb in prices to $13,000 a tonne in a year’s time.
Comment by
westcoast1000 on Apr 07, 2022 8:10pm
Goldman forecast for Cu price in one year as quoted by Telemarker is $13 US a kilo or $5.90 US a pound. Note that an increase of 1 dollar a pound in the price of delivered Cu is a $1 per pound increase in FCF with no additional production cost. It all goes to the bottom line. It seems to me the market does not really understand or reflect the contribution of Cu price increases to FCF.