Recent note from BNP Paribas underscores the strong fundamentals driving #copper prices:
"Copper prices are up >20% YTD, yet investment decisions on several brownfield projects have been pushed back. We estimate USD 13,000/t copper (spot USD 10,400/t) is required to achieve a 15% IRR for a conceptual project with second quartile cash costs. Further, this incentive price has increased by 30% since 2018 given the persistent capex inflation"
Below chart shows Chinese imports remaining at elevated levels versus previous 5 years. 👇
Anglesey Mining $AYM offers demonstrably the largest and most advanced #copper project in the UK at Parys Mountain.
https://twitter.com/AngleseyMining/status/1796522515549823253
Https://twitter.com/robert_ivanhoe/status/1786843308808958397/photo/1
I'm assuming this is a good number if we ever get our spades out.
I particularly like:
"It is worth reminding investors that Parys Mountain is demonstrably the largest and most advanced copper project in the UK with substantial resource upside still evident. In addition, the project is favourably located on a previously permitted, brownfield development site with significant existing infrastructure already in place.“
We're all getting old, I look more like Uncle Albert with every passing day.
Anglesey have just tweeted a link to this:
https://www.cnbc.com/2024/01/03/copper-appears-set-to-rally-more-than-75percent-by-2025-analysts-say.html
Which suggests an ever growing business case for Parys. Particularly as we seem to have entered another period of slow slippage in the SP when there is no news. One hopes for a wake up call soon or my kids will reap the benefit of my long term holding. GLA and DYOR and even BYOB, as the sayings go.
Https://x.com/AngleseyMining/status/1738550679340294284?s=20
Another positive Tweet in AYM's charm offensive.
Because he's being replaced?
Https://twitter.com/AngleseyMining/status/1692487178427744325
Https://twitter.com/AngleseyMining/status/1688494144233013249
And another one. Are they on a charm offensive. I hope there are some people with deep pockets being woo'd.
Https://twitter.com/AngleseyMining/status/1679070216200880129/photo/1
Price to plummet again?
2nd update of the week from Anglesey. Joe is keeping busy.
Black Marsh, I believe.
Apologies if I over-egged by calling it an RNS, it might just be officially an update.
Well that's a long and comprehensive RNS. Are we finally moving in the right direction? I'm out of breath just reading that.
https://www.bbc.co.uk/news/world-europe-64253708
I hope someone is having a good look in our small corner of Sweden.
Well that was an end to the day that we didn't see coming. Is there any good news?
Many thanks for your reportage. As an LTE it was good to see/hear. Onward and upward.