Nevada Copper Corp NEVDQ

Latest from Goldman-Sachs

[Arminius]

NCU stinks, but....,,,,

1. A grind into metal deficit. The copper market's path into scarcity has gathered momentum so far this year, with the concentrate segment - which sits just before the metal market - moving into extreme tightness. Lacking any near term mine supply solution, the only way to maintain concentrate market function will be via demand rationing. Whilst the metal market has yet to reflect that upstream tightness, we think the increasing bind on refined supply set against healthy end demand leads to an inevitable deficit path ahead. Short run midstream responses have emerged to the higher LME price signal - particularly in scrap and semis - but these are temporary responses which will abate as economics rebalance and respective inventories exhaust. Our latest supply demand estimates point a 454kt metal deficit for this year (vs 428kt deficit previously) and 467kt metal deficit for 2025 (vs. 413kt deficit previously). With the seasonal surplus phase now at an end, we expect deficit accumulation to build momentum into mid-year and particularly H2 this year. Given visible stocks stand at just over 600kt, the potential still persists for that metal tightening path in H2 this year to take the market to a stockout episode by Q4. Whilst we see a near term phase of price consolidation as most likely, given the physical market digests short term responses to the higher LME environment, this will be relatively brief. Given the larger deficits, we upgrade our year-end target on copper to $12,000/t from $10,000/t, whilst raising our full year forecast average price

to $9,800/t (vs. $9,200 previously) and retain our average $15,000/t in 2025.

[bogfit]

They have no idea just how high the copper market's path into scarcity will climb when hunger riots break out in southern Africa without concerted international aid.  Peru dodged a bullet this last year although experiencing over 1,500 extreme weather emergencies, including hundreds of flash floods, landslides, and two “collapsed hills”?  Now it’s Africa’s turn.  Helpful hint

[Arminius]

Hunger riots?

[bogfit]

Several nations in southern Africa have suffered a historic drought that has decimated at least half of their staple food, Maize.  Been in the news for weeks.  States of emergency declared.  Major copper mines rationing power.   Yeah, it's a big world out there, you should learn something about it.    b.

[MarkAble]

IMO this stock has been in a state of emergency for years. It is a big world out there Bog and you should move on beyond the confinements of NCU.

[bogfit]

"...you should move on beyond the confinements of NC "   You should mind your own business, and where did you get the idea I was "confined" by anything?   LOL At present I’m 20% cash, 15% AAON leading AC mfr. (recent buying op), swing trading two gold and four silver producers, and holding four various exploration/Juniors, and most of my capital is tied up in