Post by
nofluff on Jul 24, 2023 10:45am
miner delema
Many miners, small, medium and large were interviewed. Large miners are about the only ones with any cash.
Many said that they are either breaking even or losing in the copper sector.
Others said at 3.50, they start losing. 3.00 was the next level.
Big Miners with cash are reportidly looking at smaller mines to aquire.
Miners are stoping exploration or expansion plans or looking for outside funding as tko is. China copper researchers are calling for 3.00 copper this half.
Where does that put tko? Lots of guessing to do. Will copper hit 3.00? Will tko get permit. Will copper hold or go up. 3.00 copper makes stu look like a genius.
Happy guessing:))
nf
Comment by
JCSunsfan on Jul 24, 2023 9:50pm
How far out do the collars go? Anyone remember? Was it until the end of 2023?