RE: Closed Period1 Feb 2022 03:40
Should be able to buy under 80p before April. PXC really just retracing losses from last year. News all positive, particularly drill results from Red Star and Navarre Creek. When you look at global copper demand by sector Construction is just under 30%, infrastructure (5G) 16% and transport 13% but transport and infrastructure will accelerate with EV’s and 5G/6G - think about all those charging points and all the copper cables needed. Now think about 5G/6G rollout and all the extra cables needed. Smart buildings need a lot more copper cabling. No left wing governments in the USA, no striking miners, maybe some extra tax but nothing on the scale of South America, minimal corruption, easier supply chain and route to market. There’s a reason the chairman of Canaccord personally authorised their investment in this company.