hi all, get ready for a copper move higher as the metal is on fire already. Target is $5 overnight and i see at least a new record high of $5.25 by next week. As for the metal the demand to produce for the future is looking scary and you need the big land position and high grade indicated resources now! Any junior out there that is just starting for the last 5 years will be waiting for the next 15 years. So best to look for the best of the best. So where do we go over night? I would say Copper in real time is going to hit $5 at some point so come Wednesday morning we could see a shock wave of news.
see the link on real time copper price and save it..
https://www.investing.com/commodities/copper so far we are $4.94 a lbs and moving fast....
There will be no chart on copper as it is too hard to tell where the price will go!!
So lets use the best junior that has the worst history of a merger and management team on planet earth. That is Northwest Copper Corp with the biggest land package and biggest copper discovery and high grade in both Gold and Copper. This is what made Gold Corp decades ago to produce copper at a low cost and get the gold out if also. Northwest Copper at these levels will not last being at .18 cents is a joke and soon enough my post yesterday will shock many. With a new CEO on the way and copper doing what i believe will be a mania phase soon will correct this juniors share price and market cap. All we need is an update on news from past drilling, resource updates and these are just the little things that count. Keeping it simple and real to the public is the best way to come back and get the trust from the shareholders. So for now once we see it and the new CEO comes in will be perfect timing for a copper price in the range of $5.50 a lbs. It will be months and many will say i should of bought some shares when we were down and out. So watch copper and timing of events for Northwest Copper news and CEO. The timing is perfect and i'm loading up the truck...
As for a chart on Northwest Copper to early to predict but i do see .20 cents this week and min $50 million market cap. That is not even 1/5 of what this company has invested over the last 20 years. So for a major to replicate this and do it all over gain would be $400million. So get ready for anything goes in the junior space as we wait and see on the price for copper and mania phase at $6 a lbs this year.
for now watch the latest from Greg on the markets and its a good one!!