Member Info for Andrew4444

Https://www.investing.com/commodities/copper

$11K in July ????????

6 May

"Goldman Sachs has raised its forecast for copper prices this year (2024) from $10,000 per ton to $12,000 per ton, indicating that copper prices must rise to $15,000 per ton next year to avoid a supply gap"

"Goldman Sachs expects that to incentivize long-term mine investment, the long-term average price needs to be maintained between $12,000 and $13,000 per ton; to address the short-term copper scarcity issue, the average copper price next year is expected to reach at least $15,000 per ton. "

I doubt BR will be sold for at least 12 months and probably more like 18 months. We will need POC to go over and stay above $12K for some time before the majors want it imho

Also I suspect POC will be going much higher than whatever the price it is in 12 months (2 year bull run??) So I hope he doesnt sell too soon?

At least it looks like those who didnt sell on the down turn should get rewarded...eventually. And CB may get some credibility back :)

"Do shareholders prefer this other input or are they happy to just hear Colin solely fronting the company in interviews/podcasts?"

Tbh I'm not too bothered who gives us the info, but I would like it to be accurate, realistic and not all BS !

So far that has not been the case.......... from a number of different sources :)

I would prefer it if this slowly climbs up and doesnt spike. Traders and profit takers will be all over this and we will see the usual big fall back.

Obvioulsy if there is good financing news then nothing will stop the sharp rise :)

"Really feel there must be a way to start generating interest to benefit the sp."

If this did not have the legacy issues then the sp would surely be higher due to all the potential here and with anticipated future POC.

Unfortunately, due to CB's BS over the last few years there is no trust in anything he or the roast boys say (they were as bad as him) so the sp will only move now on actually results and delivery not fine words and promises of jam tomorrow (which may or may not be true) .

Unless CB delivers something of actual value reflected in the SP, his legacy will be that he's a charlatan and full of BS

Over to you CB to actually deliver SP APPRECIATION . Thats the only criteria most will now judge you by.

Https://www.livewiremarkets.com/wires/has-copper-s-time-come-again

"If only the multiple account twerps would p*s off cluttering this board with carp."

I suspect they will be doing so soon when they realise the games up with their narrative

Https://www.investing.com/commodities/copper

"surely $11K gets taken out this year?"

By the look of things today, I should have said

"$11K gets taken out this month :) "

Lately its been 4 steps forward and one back

surely $11K gets taken out this year?

It really does look like start of massive bull run. Where and when does it end though? $14K by 2026 ? Seems realistic now

Bipolar

If you havnt got bipolar, you will have after investing :)

HZ

Did you get all that from the company website :)

If not, I would recommend you apply for the post of PR rep !

O and W

Difference is though we dont know what is under the ground at Zambia. Could be the jackpot or could be nothing and worthless.

Apparently BR is the 10th biggest copper discovery in last 10 years. But unfortunately worthless at current POC .

"Copper spot price is not going to have a direct effect on a valuation for BR"

Sorry HZ dont agree

There are obviously other factors that will determine sale price such as capex and opex (as you have said).

I stand by my view that IF POC was $2K to £3K higher ie $14K not $12K then we would get a significant higher sale price (IMHO of circa double). Albeit nothing like some valuations

I'm not saying that is the sole factor, but would be a significant driver to any valuation. That's why BR's valuation now is Zero.

Jez

You are not missing anything with your SP calculation.

But as I said I dont think we will be getting anything like £150M. If that buy out was correct then by waiting another year or so you would have all your house paid for and have thousands of pounds extra :)

But we wont be getting anything like that offer (IMHO) so its moot point. My thinking is £25M with a circa £50M IF we waited a year or so.

"I for one would prefer the bow wrapped before Christmas 2024, ideally at 10,500/tonne and 100-150m rather than Christmas 2026 and 200-250m."

I dont think we will be getting anything like that deal as that would be 11p at £100M . If those figures were correct we would be getting an additional 11p if we waited 2 years (extra £100m). I doubt many would not go for the extra 2 years for 22p offer!

But I doubt we would be getting more than additional 4p if we waited (Circa £35m). Thats a lot of extra profit to me as my holding is in teens of millions.

I understand that some would have different views.

"Andrew, I think we are all certain the copper price is going one way"

That's why I wouldnt want CB to sell us short too soon. Yes he hasnt got that long in this game left but we are still getting FB money for another 2 years so he must expect to be around for that time period.

My concern is that we get 3p for BR but if we had waited another 12 to 18 months it would have been double that.

I've been here 10 years so an additional 12 months is fine by me (accept others will disagree)

I'd hold fire with the bow just yet.

POC very likely to be hitting $12K over next 12 months and $13K to $15K within 2 years

If you think its hot at todays price then just wait for another 12 months :)

And then again in a further 12 months !

$13K to $15K IMHO within next 2 years.