Post by
MarkJagr on Mar 07, 2022 4:00pm
Pondering Copper: Time to Buy?
I believe SURGE and Herr Nilsson are building the resource, creating the story and will sell as soon as someone big cannot wait locking in all this copper. SHORT-MEDIUM TERM: Jan price was 35-37c, 2021 high was 50c. The PP-flow through forces Surge to invest $10MM before end of 2022. That would be a trigger too, depending on what the 10MM brings (great assays and the purchase of the Huckle Plant? Yes, I know it is too small, but it is a start. And they are considering tolling from there...). On the negative: 70MM options of which 50 is in the money. Lots at 15-17cents....Maybe buy at 27 and sell half at 37 rest at 50? LONG TERM: Maybe wait for a bounce at 20c before buying? Have not made up my mind. GLTA