Yeah, IIRC I did say mid-2022 but this timeline was predicated on my prediction of CU spot attaining $6.50 or something like that by now. I got the direction of CU right but not the magnitude.
I'm updating my prediction to: the months and quarters following CU spot holding above $6.50 for a quarter. That's where Don and Sheila start losing their minds over the skyrocketing takeout cost.
Its a day I look forward to but I somehow don't see this happening this year. Hopefully we don't get a deep recession and copper can continue to move higher over the next two years. Even if copper can stay above $4.50 for the next two years it will do wonders for the three average copper price, i.e. it would become a minimum $4.50 as an average. See what you get when you throw that number in your economic assessments, MoneyK!