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similar copper story from Bloomberg
https://www.bnnbloomberg.ca/copper-jumps-to-record-as-growth-bets-supercharge-commodities-1.1600490
...and looks like copper price might continue to rise according to Glasenberg
https://www.miningweekly.com/article/glasenberg-says-15-000-copper-needed-to-drive-new-supply-2021-05-07/rep_id:3650
Absolutely spot on Dore - Rhodium a major factor in the price move.
Seems like we ramped up production in PGM's as the price strengthened and have done the same with copper.
Colin and Leon may have a working crystal ball!
April was $3,024 and the previous quarters Jan-Mar $2,546 Oct-Dec $1,876 Jul-Sep $1,553 according to Johnson Matthey average daily prices and the PGM Split from the comprehensive broker note last year.
Northern
Yes Scott. Got 300k at 0.09p average. Also in XTR and offloaded half my JLP today.
Done well out of Colin but felt was too top heavy in one individual.
Jonah- it would be an epic boo- boo! Possibly more CB letting the cat out of the bag. Leon did intimate more copper deals were on the horizon back in Jan. I’m not sure if they released an RNS for the last 30M tonnes, but surely they would have to for 200M tonnes at some stage?
I really like the goats, Mikie, but what do you make of the half a billiion tonnes of tailings in Zambia. Is it a bomb or a booboo? We know of 300 million tonnes in Zambia, and there is certainly plenty more, especially around Kitwe. But if we had acquired some sort of rights to another 200 million tonnes, surely that should have been announced by RNS. It is ultra price sensitive.
In any case, it's great to see such a high volume of shares changing hands at 19p. Long may it last and progress.
Wow- just reviewing today’s events. CB drops the C BOMB - half a billion tonnes of copper tailings. The week just gets better and better! Must mean lots of news feed on the horizon- massive upscale in production? Leon has been busy! Plus our Cypriot goats are an incredible 1 percent proof! Just need the share price to break 20p tomorrow to cap an incredible week.
As from today I’m in. Been keeping an eye on them for a little while, couple of interviews today swung it. He is very bullish on the upcoming drill program and Cu seems to be on a rocket ship trajectory. Zinc money coming in soon. CB and JLP have made me a packet and I’m hopeful that it will be repeated with CB and GLR.
Yet more CB:
https://audioboom.com/posts/7860055-colin-bird-executive-chairman-galileo-resources-glr
Anyone own Galileo?
1% of copper in the Cyprus tailings!
The goats will be boasting to the elephants :-)
Speak of the devil - Colin himself...
https://www.proactiveinvestors.co.uk/companies/news/948727/galileo-resources-presents-drilling-plans-at-kalahari-copper-belt-in-western-botswana-948727.html
15:57 - "we are up to 1/2bn tonnes of tailings" (Where has the other 200mt come from?)
Copper is growing month on month
Cyprus - 2 dumps with 6mt each - must be the focus
Some good snippits
With the recent successes, a lot of the focus has been on Leon and rightly so, however I think it’s important to realise that CB is the one making the deals which have enabled this success. It’s a great partnership which still has plenty of room for further growth, so we shouldn’t be too quick to wish him retired!
CB was 77 in the last discussion with Leon where he said he would stand aside when the bod had no further use for him,he realises he is aging,but we must thank him for keeping Leon on board with is own money,he obviously so the potential.BOB