Post by
Wangotango67 on Aug 01, 2021 2:44pm
SPOT COPPER
Spot copper currently is - $4.40 us per pound.
If others have been keeping track of China's copper stockpile reserves, they'd have picked up on - China only unleashed 30,000 tonnes into open market - an amount lesser than expected. Such should have been a trigger to move copper higher- on concerns that - perhaps China does not have the copper reserves most think.
To add to this... i just read another article that still doesn't know how many tonnes of copper China has - the only figure they're running off of is an, estimate.
Gotta laugh... the whole premise of China releasing copper tonnage into open markey is to stabalize the prices - yet... does this really make sense ?
Copper shortage = should spike copper prices = allowing others the vanatage of higher copper prices = which truiggers higher valuations = which affords other juniors a chance to advance their projects -
Releasing copper tonnage = simply controls the spot prices and inhibits other competitors 9 whoops ) i mean juniors from advancing - wink.
Yeah... it's those kinds of articles that make you think one trhing when an exact opposite effect is in full swing...lol
This doesn'y sound like an efforted stabalization to copper prices to me, it sounds more like no one knows how much copper China has and given the lessor tonnage sold on open market - points to - China might not have the copper reserves most people think and more importantly cipper prices should've surged on the premise of, China may not have the copper tonnage it so cleverly guards.Should the wrold veer from such a system ? Now on tjhe flip side - maybe they know copper will move far higher and are keeping their stockpile reserves - waiting for higher prices.
Which brings this subject round to -
Goldman's latest copper forecast - $5/pound by years end.
Perhaps we'll see this price sooner.
A catalyst such as this - copper moving higher - forces stocks higher - and as so, might smoke out an interested party eyeing up - Bravehearts assests.
Braveheart - wouldn't poke at al lthree projects forever would they, with a few silly tethers on BRM ? I'd hate to think Braveheart is a - mule - for a larger player - prepping all 3 mines while shareholders nevder see the reward and a sudden mass dilution of - financing attached to massive stock purchase... Please say this is indifferent than, Hearte gold... tease.
Lots of small juniors are kneck deep in exploration - hoping to add to the copper shortfall
EV expectancey - shortfall.
B.C. permitting office could - do better - granting all permits to Brveheart knowing there's a copper crunch coming on strong and the longer the defference - it only favors the majors with their own copper sales. Perhaps it's time for another junior to enter the ranks of copper mining and add to the copper deliverey.
it's evident that upon Braveheart having permits in hand will allow the dominos to unlock even larger copper resources with a good sum of cashflow.
I almost feel like calling the permit office myself...lol
Saying, clear thr drystacking and who dreamt up the requirement of - increased production ?
It's obsurd when you really tihnk about it.
The infastructure value alone is valued far greater than what Brvehearts stock is valued which eludes to all sorts of wild thoughts - like - is there a major interested ?
Just looking at Bravehearts stock valuation -
i see this has bene ongoing for several years - under valued that is.
it's like two ( twigs ) holding back the levy of this remarkable copper junior.
And... the looming " reset " on the horizon does make one wonder...( ha )
Drystacking permit - which i can't see thepermitting officve having issue with.
Gvien there's a current stockpile above grade already...lol
And... increased production - makes no sense.
I say... let the junior mine the stockpiles - ( own opinion )
Two silly permits keep this stock at bay, and well with such a low valuation does make it a target for a larger player... But is there one lurking ?
Scopped this - Goldman - copper article off of a poster on, ceo.ca ( thanks )
Goldman recapitulates $5 a pound copper price by end of 2021
https://www.mining.com/goldman-recapitulates-5-a-pound-copper-price-by-end-2021/
Should Braveheart simply docus strictly on the - BRM stockpile ?
Bringing Alpine into the picture would certainly add more gold ounces - 22/g 5tonne.
But.. what if Alpine was dragging all this out ?
Personaly, i would like ot see the stockpile eorked over firstly and at same time, press upon the permitting office to push through BRM's 5+ million - ore tonnes of copper below grade -
Fall is just around the corner - lots going on worldwide, it would be nice to see Braveheart with crew on the ground at BRM - working the stockpile over - giving the equipt a good run thorugh andprepping for the larger tonnage - junior creating cashflow then... introduce a more equipt to iincrease the tonnage - such a plan is more logical than what's tabled at present -
Some copper juniors out there have near same amount of shares out and no mine nor a resource calculated. And, priced ( valued ) far higher. The anomaly of the market. lol
Cheers...