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CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: copper outlook

The LME warehouse levels are as low as I've seen them in more than 5 years.

China is going strong. The US and European economies are heating up.
Copper has been waffling around $3 for far too long and in my opinion is undervalued.

As I've said before, I gave up on analysts and forecasts by so-called experts long ago.
There's no substitute for doing your own due diligence. If I were a betting man, I'd bet on copper in the relatively near future (i.e. months) and definitely over the next couple of years. Thanks for the article though - it's always interesting to read a contrarian view.

Ironically, I consider myself a contrarian - though I wouldn't say copper is exactly in favour now. I think the consensus is optimistic, but it's certainly not reflected in the price.

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