RE: 125k buy23 Jun 2022 21:19
Invfun,
There is a thread on the Tecan board titles COPPER WOES...... I added the comment below to it:
'I read the subject line with some concern... I have quite a few MAFL shares, and their zinc / copper prospect will only be mined if the numbers make sense.
But, the strengthening of the $ makes mining in the € more rewarding; weaker prices deters marginal mines from expanding; prices are still significantly up on a 3-year window; demand for the grid and EVs is just deferred, and MAFL are not a one trick pony. Their Portuguese prospect has a high IRR of nearly 70% and a 1.5-year payback period at commodity prices lower than current prices.
Still think MAFL shares are a bargain but unloved shares are unloved even if I cannot work out why...'
An argument can be made that the share price is where it is because:
1 - the share is