Gonna be some serious FOMO in #copper as it seems certain to take out it’s all time high. These stories I’m reading about no smelter margins and tightness in concentrate leads me to think the ATH in copper will be taken out in short order. Days or weeks at most
I’m in pretty deep but fomo added to some more this morning myself.

I just keep thinking there is obviously a fundamental change occurring in the #copper market here. The EV transformational demand coming through and this is pre the infrastructure bill.
I think copper will be $8-10/lb in couple years. Will take a serious spike as well as the belief that it’s gonna stay high to curtail enough demand. I’m with @METhompson72 that demand will have to killed to with high prices to balance the copper market
Air conditioner and refrigeration manufacturers think long and hard before they decide to substitute #aluminum for #copper and then take time to retool and switch. Will be a nice sustained squeeze and send all copper juniors blowing out over past cycle highs
52 week high coming here... Ideally I’d love to see a run to $1.50-2 and they raise $10mm there and drill the heck out of some of their vast inventory of targets on 115k acres
When the drills start turning it’s gonna create a lot of excitement and more investors will make comparisons to $mari with no production and $500mm market cap. Vs $srhi $40mm cap and 34mln lbs per year of production. #copper
Consider the $srhi land package is less than 10 percent explored and is a huge 115,000 acres with abundant green copper outcrops and they have a ~441mln lb resource number now. I expect they will be able to drill up a couple bln lbs and become a very attractive take over target

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More from @BambroughKevin

27 Apr
Today $SRHI completed its move to the TSX.V and I thought I’d share some exploration and production thoughts I’ve had as I’ve gone through the technical reports and discussed the asset with my mining contacts and why I think it’s the cheapest #copper producer and explorer around
From the technical report there is in excess of 100 occurances appear similar on their land holdings #copper #exploration #10bagger Image
Vale was responsible for nearly all the historical drilling and it as totally concentrated on the two deposits that were quickly discovered in the very early days of Vale’s exploration of Tres Valles. #copper #buymore Image
Read 20 tweets
25 Apr
Wonder when we will break the all time #copper high? Getting close Image
We could easily have a break out to the all time high for #copper would love to see some follow through and this chart shows great potential for a quick squeeze to $5/lb Image
Here’s my favourite little unknown #copper play. Tiny cap, already producing, assuming its new low cost block caving underground mine comes on as planned and the copper price holds at $4/lb or the cheapest copper stock around. Cup and handle target -> $1.20-$1.30/sh Image
Read 6 tweets
24 Apr
I see so much complaining about taxes. Here’s a little rant to share my thoughts for those who care. Let’s look taxes in a decision tree.

Governments could in theory simply fund their expenditures with the printing press (and practically speaking they do in large part)
So what would likely happen if there was no taxes and all government expenses were funded via new money creation. Well, it seems to be universal acceptances that spending and inflation would get out of control.
It stands to reason that the lowest income earners will be the most hurt as it’s very difficult to push through wage increases to keep up with inflation.

Also prudent savers would struggle to protect their savings and keep pace with the rising cost of living.
Read 43 tweets
17 Apr
Copper thoughts:

USA recycles nearly as much copper as is derived from newly mined ore... but wire production typically is made only from new mined copper.
The effort to ‘double the electrical grid’ by 2040 to power electrical vehicles will therefore create an incredible demand for newly mined copper. Transmission lines, generation and in the vehicles themselves.

EV (cars) typically 3 times the amount of copper.
Ev buses and trucks will use 10-15x the amount of copper. Infrastructure bills the are being passed the world over.

As a result recycling supply/demand for won’t be increasing nearly as much as the demand for new mine supply.
Read 11 tweets
16 Apr
$srhi raise has closed $11mm cash in the kitty at 55c/sh Pure play producing copper company now trading at less than 10% of NPV based on $4/lb #copper apple.news/AC-LKTIYVTVutO…
$srhi - 46,000+ hectares of land with less than 10% explored. Over 100 copper occurrences mapped with 70 artisanal exploitation points registered
With a Vale-funded construction and infrastructure build-out approaching US$250MM, operations began in 2011, sold to a private family business in 2013 and operations curtailed. In October 2017, SRHI purchased 70% of MTV for US$40 million.
Read 21 tweets
15 Apr
I’m loving the copper story and a result have loaded up on $SRHI one of what I think it’s likely the most unknown (and unloved) little Copper stocks with huge torque that I know of.
This company used to be called Sprott Resource Holding Inc and I was actually once the CEO of part of the entity (Sprott Resource Corp) back when it had $500mm in assets and its pre-mergers and two renamings.
It seems to have evolved into a pure play copper company and has recently raised $10mm at 55c. I cleaned up all I could under 50c today
Read 12 tweets

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