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Onwards and upwards gla pandemic on its waine solg on the up
Trust ne I would have no problem...recovering from prostate cancer....desperate for sunshine on my back....travel, eat well...give money to charity and think of other ways to spend the profits we'll all make...
Its been a long patient slog...not much longer...?
rk1 you couldn't retire from these boards you wouldn't know what to do with yourself
Red good plan ,building up a nice portfolio ATM mainly safehaven ,£1:32 my target here.
Its coming bubble....its coming....
I averaged ATYM down to 80p when posters were all doom and gloom...they're now over £4...
I'm confident we'll see at least £1 here some time this year. bubble..
Lets hope its in time to profit from the looming stock market crash....
Out of SOLG for big bucks...gold and silver boom...into Gilts to ride the storm....pile into high yielding equities and retire from these boards...
In the meantime its
Thats the plan....there'll be plenty of you folks that I will miss when our ship comes in, but none of the numpties who remain filtered....
Cheers...
Red ,Rome wasn't built in a day but just maybe solgold will be one day !!:):)
Autobots have taken this down again today on microscopic volume.....
Most people are still waiting, but for an illustration of what could happen when a stock is oversold, take POLY yesterday...
I bought at 1110p (not quite the bottom), believing that it had been massively oversold on a steady stream of relatively small bargains up to £3,000 or so....
It bottomed at c1088 yesterday exectly 24 hours ago and has just touched 1190, up 9.4% in that time on bear closing...
We had a run at 29p 10 days ago and, despite buyers around at 32p have fallen back 20% but to my untutored eye the chart looks pretty bullish...
This stock is oversold IMO and, as we all agree, massively undervalued...
It is primed for one piece of juicy news to burst it through 29p....
C'mon Dazza...what you up to....?
It’s a sad state of affairs that so long after the PFS should have originally been produced, since discovering porvenir, since announcing joint venture discussions were taking place, a resurgent copper price and predictions, we are hoping to break 27p….
Copper needs to break $4.46, then $4.60 and finally surge through $4.75....
https://www.kitco.com/news/2022-01-18/Copper-fails-to-react-as-China-lays-out-economic-plans.html
SOLG needs to break 27p....then 29p convincingly....then surge through 32, 35 on its way to a new all time high above 46.5p...
A march of 1,000 miles begins with one small step...
RK1 - everything points toSolg shareholders to just sit tight for a big pay day as the big guns slug it out for copper
Excellent article JG...
I particularly like this excerpt:
"And while S&P Global has identified 14 probable and 26 possible projects in the copper pipeline, the firm admits it's unlikely that all of those will come to fruition.
In two decades, copper producers must, at the minimum, double the current production of 20Mt to have a chance of coming close to meeting demand. This equates to one new Escondida mine (1Mt annual production) every year for the next 20 years!
While such a feat is difficult to achieve, finding the right investments in projects leading to copper discoveries would help to close the supply gap. According to CRU, the copper industry needs to spend upwards of $100 billion to erase what it estimates to be a 4.7Mt deficit by 2030."
And here's another article to blow the doors off....
https://thedriven.io/2022/01/19/no-turning-back-soaring-ev-sales-in-china-signal-tipping-point-for-global-energy-transition/
The only question is....with average grades down to 0.45 or below and a dearth of new projects coming online, how long dare BHP or indeed any of the other major copper producers shown in your report hold off acquiring the second largest new Tier 1 project around, with a potential to start producing copper in the first year of serious global deficit and with a mine life of 55 years...
Let alone the other prospects and, assuming a gold boom shortly, the bonanza of gold resources across the SOLG portfolio...
Time to fire the starting gun...?
Over 200 copper mines are expected to run out of ore before 2035, with not enough new mines in the pipeline to take their place, CRU estimates.
Some of the largest copper mines are seeing their reserves dwindle; they are having to dramatically slow production due to major capital-intensive projects to move operations from open pit to underground.
Examples include the world's two largest copper mines, Escondida in Chile and Grasberg in Indonesia, along with Chuquicamata, the biggest open-pit mine on Earth.
These cuts are significant to the global copper market because Chile is the world's biggest copper-producing nation — supplying 30% of the world's red metal. Adding insult to injury, copper grades have declined about 25% in Chile over the last decade, bringing less ore to market.
A report last year by Goehring & Rozencwajg Associates found that both greenfield and brownfield reserve additions are expected to disappoint through the decade.
According to the New York-based research firm, the number of new world-class discoveries coming online this decade "will decline substantially and depletion problems at existing mines will accelerate."
Additionally, geological constraints surrounding copper porphyry deposits, a subject few industry analysts let alone investors understand, will contribute to the problems, the report said.
Goehring & Rozencwajg also pointed out that miners have been "artificially" boosting reserves by lowering their cut-off grades when copper prices rise in order to make more profit. But this practice only works to a certain point, when cut-off grades cannot be reduced any further.
20 years, BloombergNEF says copper miners need to double the amount of global copper production, just to meet the demand for a 30% penetration rate of electric vehicles — from the current 20Mt a year to 40Mt.
Copper consumption by green energy sectors globally is expected to jump five-fold in the 10 years to 2030, data from consultancy CRU Group shows.
A study by energy consultancy Wood Mackenzie ahead of last year's COP26 conference estimates that, in order to limit the rise in global temperatures since pre-industrial times to 2°C, roughly 19Mt of copper will be needed to feed the energy transition over the next 20 years.
DBW lol just making light of things
“ Hello big boys” …… cam down Bubbles its not that kind of site
Hello big boys we are here with billions of tonnes of copper ,gold and silver and ....but don't take too long you'll miss out imho
Damers maybe they just did ..... be interesting to know
"At AOTH, we are paying close attention to several companies that are holding onto highly prospective copper projects that could one day become contributors to the global supply chain"
Thanks JG
'a global hunt for new supply' - we could point them in the right direction. A great article tks JG1964