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Macro story of falling copper price and trade wars . Things picking up in the metal markets now so looks a stone wall buy here . Chart targets gap fills at 6 and 10
Just for context , after 8 infill drills Casp expect there income to be around $98million at $65-70 Brent . That’s mjf alone . Once we see that revenue the drill campaign for the deeps can hot up too . After 4 more deeps total illustrative income expected to be around $360million . These are mouthwatering numbers .
Pieces falling into place
Strong finish to climb back above the 20dma . I think we could grind up to year highs again over the coming two weeks . Looking better all the time
Crude draw for three years pushed oil prices much higher again today . Very profitable at these levels now once we go to full production licence . Long may it continue
Good time to get or too with Brent doing well
Get one deep flowing they can comfortably self fund really at their pace
2bn in five years ish I’m thinking
The fact we’re basically debt free is an amazing feet to get as far as we are. Now it’s just pure growth with improved profitability . Mjf infill programme will add 100’s of million to the Mcap . Then add on the deeps at airshygal . Well my 2bn target might not seem so much of a fantasy
Everything lining up nicely now
Added a few today . We’ve retraced back to the 20dma so if this holds we could see the next leg up soon . The longer ma’s beginning to turn up too now which will hopefully draw the price much higher . Things starting to hot up just in time for more a8 and a6 news
Coming thick and fast . It’s never been a case of there not being oil really , reserve updates when we get some deep flows will blow people’s minds in my opinion
Nice incentives there to continue to get the Mcap much higher .
Definitely not sold out . I sold some and now have bought back the rns people will of immediately looked at decrease in mjf production and a5 sidetrack . Lots of positives in there too and great to see it bought back up .
Even with the weaker rns strength is good . Encouraging to see the buys coming In
Everyone holding , starting to trade like a proper lager cap . Big money in and out , funny to think only six months ago there was 4 or 5 trades a day . I have taken some off the table but very excited now to get some deeps flowing
Taking a third core sample , confirmed first two showing oil
http://www.mining.com/zambias-just-deepened-worries-sinking-global-copper-output/
Good to see volume returning and us holding above 10p now . Hopefully this finally is the last time we see single figures, it’s good that we’ve got a move up here to go from when the mjf licence lands and production finally comes online from a deep
To end another great week , hope everyone has a good weekend