Post by
nofluff on Jul 28, 2022 11:37am
copper world
It is looking like it might b ressurrecting for a bit. Technicaly 4.00 copper does nothing for tko. Psychologicaly perhaps some. Ncu was able to get money without forward selling on the cheap, so 4.00 will be important if they get ramped up soon. The explorers are moved by money from miners, so 4.00 copper will help them.
There is a lot of copper optomism in the copper world. If we go short and copper runs to 10.00 then tko only loses about half a billion cad on there amazing collar purchases. The up side, is that if copper stays at 3.50 for next year, they could protect 70 million cad less costs for about 50 million net.
Oh boy!!!
nf
Comment by
JCSunsfan on Jul 29, 2022 11:36am
They could probably close out those sold options pretty cheaply right now.