Well we need copper. Will this small cap prove up in October 2023?
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Chairman , CEO
Form 603. substantial holder (1) Name RCF Opportunities Fund II L.P. / Fully Paid Ordinary Shares: 156,250,000 6.91%
substantial holder (1) Name RCF Opportunities Fund II L.P.
RCF Opportunities Fund II L.P. 18/08/2023 $0.032 per share - 156,250,000
Share price up ~ 6% this afternoon.
Who is this RCF Opportunities Fund II L.P.
RCF Opportunities | Resource Capital Funds
Overview
The RCF Opportunities strategy rests on the belief that meeting the planet’s surging demand for metals, driven by technological innovation, changing demographics, and global electrification and decarbonization objectives, relies on new discoveries and project advancement. Coodinator looks good To offset the natural risks of early-stage exploration, the RCF Opportunities Strategy pursues a diversified and relatively unconstrained approach that seeks to lower volatility, flatten the j-curve, and generate realizations during and after the investment period.
located just 7km south-west of Freeport’s Bagdad Porphyry Copper Deposit – the 5th largest copper mine in the US.
Todays Good results may change the trend here!
Copper futures approached the $3.8 per pound mark in June, the highest in nearly one month and extending its rebound from the six-month low of $3.5 touched on May 24th amid mounting supply concerns and hopes of a pickup in demand.
Major market players continued to flag worries that copper supply may not keep up with expectations of strong long-term demand, since the metal is a key raw material for the transition to renewable resources. ( ***well good for shareholders scarcity )
Copper inventories at the London Metals Exchange were under 72 thousand tonnes in June, the lowest in one month. Also, Chile said this year's output is estimated to sink as much as 7% after the 10.6% decline in 2022.
The higher prices were also attributed to bets that the Chinese government will roll out stimulus measures to support the weak momentum in the country’s industrial sector, as data from May showed that Chinese copper imports fell by 4.6% year-on
copper Com -on.....
more commodities:
The geochemical anomalies are strongest here; Copper wire is the go...
• This area is closest to the six known VMS deposits from which high-grade mineralisation has been mined previously; and
• Permits to drill-test any targets identified from the IP data in this area should be obtained quickly
The increased size, very high-grade, and robust nature of the November 2022 Resource provides the Company considerable confidence to advance the Antler Project back into production as quickly as practicable
Its the copper...Nah its the serenity mate,,,,,,,
