Member Info for Cornishknocker

Well ive topped up my investment today, though it looks like theres been some biggish buys going through.

I have no more idea of the issues than anyone else, all will become clear I suspect in the results due this month

It's now at a fire sale market cap, there will be juniors a mid tiers seriously looking at this.

My biggest concern with rambler has always been the trucking distance, the ore sorting helps remedy that until an on site mill can be built

It's a tough market at the moment for sure.

I can't figure out what has desperately changed in ramblers cost structure, they are pretty well insulated from energy prices, which is the main inflationary pressure.

That statement makes little sense to me, unless they have an investor in the wings that wants in at a certain price, if that's the case it's pretty unforgivable from a PIs point of view.

I am convinced that we are going to see a very rapid reversal in the copper price as stocks dwindle and the energy war intensifies - securing copper is vital

What is frustrating for me here, is so many were opposed to hedging when copper was at nearly £10k.

12,000 would come from hyper scarce supplies, which is where it is currently headed. Lme total stocks are 110,000t v 250,000t 12 months ago

What do you think Europe's reaction to energy shortages is going to be? There's only one feasible reaction: -

Invest in power generation and energy grids!

What does that do copper prices? It sure as he'll isn't going to crash the prices.

Looking at Newfoundland hydro The actual industrial rate 4.8c per kwh (about 7.5% of uk prices)

Electricity prices in Newfoundland are largely unaffected by gas and oil prices as the power is principally hydro

Exactly it's driven by the scarcity of supply, regardless of the cause of that scarcity, which causes panic responses

Look at the gas price , that's what happens when a commodity hits severe scarcity.

To me the Copper market is heading for the perfect storm, the market is currently being driven by sentiment on the Macro issues while ignoring the fundamentals. Lme stock is now down to approximately 60,000t of available copper - by the end of October they are looking at a stock out - I personally think USD12,000 is possible by Christmas

That's the key, the ability to mine it - if you look at the plans, it's probable that some of these intercepts are already being mined.

I'm still around

The copper grade for mines concentrate is about 25%. The price recieved is set the day it arrives at goodyears cove, not the day its shipped.

Looks like another ship being loaded

The single biggest factor that affects C1 costs is production, the higher your production the lower you C1 costs.

Just to give an idea of Mick Davis' strategy for South Crofty: -

https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/mick-davis-wants-to-feed-ducks-that-are-quacking-for-energy-transition-metals-69600412

Just remember a lot of the gold is pre sold.

Spoil heaps