Member Info for calmtrader

i'm not a ninconpoop so i'm staying in!!!!!

To be clear we have not had the Labrador PEA yet..what was realised today was just there 3rd quarter results

Labrador gets to 0.5c and AYM stake is worth its current market cap..i.e you get Parys for free!!!!

That makes AYM stake worth +£2m so currently Parys +Sweden value @ £5m....

Well played happy days

Copper on a Tear This can’t stay at this silly valuation!!!

Labrador have no debt

“It’s known there’s a huge global demand for #Copper and supply cannot keep up.
?Solar panels use 5.5 tons of copper per megawatt.
?Wind turbines on land use 3.9 tons of copper per megawatt.
?Offshore wind turbines use a whopping 10.5 tons of copper.”

I’m expecting Labrador to start production in the Spring

Yes Boom and the big resource upgrade at Parys will be heavily weighted towards Copper and we all know above the outlook for Copper..!!

Nice 360k trade just printed @3p

that looks like an old link to me....fyi Labrador are traded under symbol LBRMF

Brentharg Houston is a low cost Mine with a break even point around $85

According to a report by Jefferies analysts, copper demand will “significantly” exceed supply from next year with deficits set to blossom over the next seven to eight years. The multi-year deficits will drive the price of copper inexorably upwards.

Outlook for iron ore looks very positive
“I ronore #futures rallied to near-$127 on Thursday on the strength of Chinese steel demand. The world’s largest miner, BHP, expects demand to remain resilient with moderate production growth next year, according to a UBS Group report, citing BHP’s Chief Commercial Officer

yep you can zillions @2.32

a bit of volume in Labrador as well !!

a sudden furry of trades...interesting!!!

The below taken from a bullish article by Jeffries
“ The price at which the demand elasticity is great enough to balance the market depends on the magnitude of the implied deficits, but in our base and bull case scenarios it is not unreasonable to assume the copper price would rise to at least $5.00 per pound for an extended period before demand would adjust enough to balance the market. This point is very much underappreciated, in our view,” say the analysts.

When Parys start mining they’ll be making£20 m per annum IMHO..So market cap will reflect that!!!