Post by
MetalMinded on Sep 19, 2023 9:24am
Headwinds
Copper inventories are up, which is driving price down. China economy weighs heavy of futures. All this is despite the long term understanding that the China, and world, economy will recover causing copper supply shortages to demand with current mining capacity. This will all resolve itself, just a matter of when. Gold remains strong but still of recent highs. Until then, depressed commodity prices contribute to lower junior copper mining assets across the board, as well as uncertainty with buyout or timing with our beloved WRN.
Comment by
Pinegrove1 on Sep 19, 2023 10:01am
Commodity price time horizon is short term. WRN mine life is > 50 years. I'd like to think that potential buyers would have a much longer more mature view of prices. If anything now is a good time to pick it up. IMO.
Comment by
MetalMinded on Sep 19, 2023 1:28pm
Buyers yes, but that's part of negotiations. Investors are currently not buying into juniors for those reasons.