Post by
jclarke042 on Apr 25, 2024 11:46am
All this talk
About "miners want copper," yet I see precious little of "Major buys undeveloped project."
Comment by
CopperAndGold14 on Apr 25, 2024 6:09pm
Agreed. It's just one bigger fish swallowing one smaller fish. The amount of pounds of fish hasn't changed. Besides Turquoise Hill beginning underground operations, can anyone name another new copper mine that has begun producing in the last 3-4 years?
Comment by
jclarke042 on Apr 25, 2024 6:24pm
Just Ivanhoe, for which Friedland had to get Chinese $$ because the West was all "ew, Capex." The dichotomy we live in: the most hated sector being one of two required for First World living standards. Agriculture being the second. If it can't be grown, it has to be mined.
Comment by
Pinegrove1 on Apr 25, 2024 6:28pm
Everyone knows we're going to hit a wall soon with copper supply. Then everyone will look at each other in amazement and wonder how we got here. Actions speak louder than words. Then all of a sudden it will be hurry up - permit & build while copper goes to $20.00 / lb. I'm going to sit back in my internal combustion car and count my cash.......
Comment by
MetalMinded on Apr 26, 2024 10:06am
All the majors are still buy-shy after the "failures" of the last feeding frenzy got them in trouble with their investors. At some point in the hopefully not too distant future, those same investors will begin to get mad about them not investing and taking advantage of the supply gap and commodity price increases.
Comment by
jclarke042 on Apr 26, 2024 10:58am
MM - the same people giving majors sh....about "overpaying in the last cycle" are the same ones now saying "copper needs to be $7 a pound before new mines.' Clownworld, this sector and its self-hating participants.
Comment by
MetalMinded on Apr 26, 2024 11:00am
With the looming shortages, they may get it, and we WILL get a buyout valuation taking that into account. Right now those people are in the FA portion of the FAFO cycle. LOL
Comment by
Diamondboy123 on Apr 26, 2024 11:05am
No conviction here. You guys don't get it. The copper stocks are rocking and this thing is barely up 5 points from when I dumped. No one really believes. Their just playing this thing like I am. I respectfully suggest you fellas do same.
Comment by
MetalMinded on Apr 25, 2024 7:49pm
Three words Clark: Pent Up Demand
Comment by
Diamondboy123 on Apr 25, 2024 10:39pm
Actually been trading this thing. Clearly range bound. Bought a bunch at 1.93 and 1.94 sold at 1.95 and 1.96. Probably more than half of the volume. Small gains but gains nonetheless.
Comment by
Sooner on Apr 26, 2024 3:39pm
it makes you wonder if copper miners are colluding to control production output? I mean if they can get $10 a lb for copper and mine less...why not?