Post by
nextime on Mar 14, 2024 8:31pm
FWIW
Tin Foil Hat time.
My guess to the breakout in copper / commodities. Oil, Russian oil really has not been taken off the market, until now. (Drones hit additional Russian oil refineries) All commodities just got more expensive. The break-even point has been raised on both new and existing projects. I did a sensitivity study last year on a basket of miners (copper) relative to energy inputs. Was like a cat chasing its tail. As marginal producers fell out, the supply demand changes resulted in higher copper prices. Which kept the marginal producers in the game. Too many unknowns to pick a set of numbers, but it did spell out a general concept. To me copper (the chart) was not yet ready for a breakout. Yet here we are.
The story plays out rather well for Ivanhoe.
Also good to read that some long-term holders are selling a few shares. That will need to happen for us to move north of here.
GLTA
Comment by
Cobalt on Mar 14, 2024 9:18pm
Refineries consume oil so does that not put more oil on the market? But yes diesel is about to get more expensive same with gasoline, pretty much a world wide refinery shortage. Kiss the left good-bye.
Comment by
BeingCensored on Mar 14, 2024 10:00pm
"The story plays out rather well for Ivanhoe." The story has always been a good one. Lots to look forward to as we go through 2024. Probably the first time in my life wishing time would fly and we get to 2025. Saying that becuase early retirement is looking very real next winter...thanks in part to IVN.