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Improving... https://www.livecharts.co.uk/MarketCharts/copper.php
FTSEinvestor and Analytica, I agree with you both... on Cu and production, but maybe not on SP. By year end we should be mining at a 8,000t pa run-rate... but given that in addition we will have the 43-101 and a proper economic model based on increased reserves, and with the ore sorter being, or about to be installed...etc, suddenly we could be looking at +10,000t minimum for 2023, so I am hopeful of more like 60p-80p+. If that sounds ridiculous, I suppose it of course depends on the overall equity market sentiment, and remembering that working against us is that following a down market, investors sell the winners (like RMM will be) because they can, and as the market recovers, the big stocks rise first and the smaller ones last. But I still believe, even in this (equity) market - and assuming no SNUFU's, that by the end of 2024, we should be nearer £2, even with the necessary dilution we've been through. We are so undervalued, our time will come - we just need to deliver!
I now I've quoted him before, but to requote Warren Buffet;
“The stock market is designed to transfer money from the impatient to the patient.”
“Price is what you pay. Value is what you get”.
..... share price should be 40p by year end....
...hmm..
We produce no profits at moment and our mcap is roughly that of our turnover....
If visibility is not given to market of profits then decline will take place.....
However if we show to markets that we will make profits this year of say 5m then 40p is achievable.....
A re rate will come when a profit for cast is believed and our mcap can be determined by a p/e ratio.....
I am surprised that there are not analyst forcasts for our profits out there now....
When they are we will have a basis for re rate...
100%. In addition do not underestimate the opportunity to sell $ for moving into an alternative reserve currency (think BRICS backed by gold). This will weaken the dollar against the currencies in the DXY - and this means also that Copper will increase.
In a month when China open up copper should be bounce back to $4 and we will be producing 700+ ton from july and onwards ....sp should be 40p+ by year end even $3.50 range with production ramp up by year end ....that's my prediction ..any comments ..