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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: Re: Teck news- copper
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Aug 10, 2022 12:43PM

YourNadir, the bear market isn't quite over, imo.  Teck is up 25% but its within a bear market rally and I think it is about to roll-over (maybe even this week).

When the global economy starts showing its full recession weakness in the next couple of quarters copper prices and copper producers will go lower.  There are too many black swans hanging out on the pond and I think that the market isn't ready for any additional bad news that may come flying in, like worsening inflation, higher rate hikes, China lock downs, and European woes from war and energy supply shortages.   The speed with which copper prices have dropped looks a little unnerving. Dr. Copper is clearly concerned.
JMHO




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Aug 11, 2022 12:51AM
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