Member Info for ogm4

Interesting article:

https://www.mining.com/web/peru-unrest-threatens-to-choke-off-almost-2-of-global-copper-supply/

2,000,000
1,500,000
1,000,000
500,000
500,000

4 minute read
January 18, 20235:00 AM GMT+4
Last Updated 13 hours ago
Column: Funds jump back into copper, betting on Chinese recovery

By Andy Home

https://www.reuters.com/markets/europe/funds-jump-back-into-copper-betting-chinese-recovery-2023-01-17/

And another what looks like 500,000 block buy today.
With good assay results out very soon this should be 2+ again. I can't see this stay much longer at these levels tbh.

£27k buy just appeared

1,500,000 shares

Institutions buying maybe?

£45k trade 2,500,000 reported

https://www.wsj.com/livecoverage/stock-market-news-today-01-11-2023/card/copper-hits-seven-month-high-on-china-reopening-IqMRtJMb8D0MiRQ9DR0h

https://www.mining.com/copper-price-rises-above-9000-fueled-by-optimism-about-china/

Good news for Empire possibly

Always nice when you have invested in companies that have multiple prospects up their sleeve.

Thanks Manlord.

I've accumulated some more today as the sp was too good to resist really. Looking forward to the upcoming months as there will be a rich news flow period ahead of us from the individual prospects. Great to see Empire is accelerating its exploration program at the moment especially regarding Pitfield, which could be potentially unfolding as major global copper reserve in the near future.

A number of 250,000 block buys I guess?

1,000,000 buy this morning

Outlook 2023: Iron ore and copper prices could benefit from China recovery
Shaun Murison | Writer, Johannesburg | Publication date: Tuesday 13 December 2022

https://www.ig.com/en-ch/news-and-trade-ideas/outlook-2023--iron-ore-and-copper-prices-could-benefit-from-chin-221213

https://www.bnnbloomberg.ca/peru-copper-mine-running-out-of-storage-space-in-threat-to-production-1.1859171

https://www.cnbc.com/2022/12/13/copper-prices-traditionally-a-barometer-for-the-global-economy-are-expected-to-soar-next-year.html

Empire currently holds the two Exploration Licences, covering 615km2, which extend over this massive alteration footprint and has applied for an additional two Exploration Licences covering a further 426.7 km2.

Copper rises while Goldman predicts prices reaching $11,000 in a year

MINING.COM Staff Writer | December 8, 2022 | 9:56 am Markets News China Copper 

https://www.mining.com/copper-rises-while-goldman-predicts-prices-reaching-11000-in-a-year/

Thanks Manlord for the comprehensive overview - much appreciated!

Next year is going to be busy!...

"However, given the geological setting at Pitfield the most obvious comparison, on a worldwide, large scale basis, is Udokan."

Regarding Udokan:
What's the overall asset value worth? In situ NPV? What sort of order of magnitude are we talking about?
 

Any plans for a JV / farm-out with partners aiming for a large drilling campaign in 2023 next year across the Pitfield Giant Copper asset?