RE: Junior mining boom16 Apr 2023 13:35
Had a look at the charts and thats excatly what happens. Have a look into uramin inc. They bought african farms for pennies, did "some" feasbility tests while the price of uraminium was sky high and sold it off to the french. When the french got there, wasn't nearly as much as they were expecting.
Now we are in the lithuim boom, watched the spodumene price rocket over past 3 years. The other method of extraction of brine takes a lot of water and energy. So although the supplies can be found in places like south america, europeans and americans don't have nearly enough. Chinese have a good grip on australian and african lithium mining.
Spot & Spodumene prices not making much sense at the momment so would expect those to have a correction soon as electrification of cars will be delayed due to economic pressures.
As for Bezant. i think gold (and silver) prices will come down as we move away from this banking failures. Prices of goods and inflation will fall but not energy so people will look less to safe haven of gold.
I think i was reading that copper wasn't performing too well and can understand why when demand would be absolutely shot right now. As the confidence returns should seee demand for goods increase and with it price of copper.
It defienly is a case of commodity boom cycles and hopefully this is just before one.
Can anyone inform me what the last information about the mining license is.
Talks with govermernt ?
Weeks away, months away, years away ?
going well, looks like no chance ?
etc