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I am new to commodity investing and would like to dip my toes into it.
I've been investing for a few years, and am fascinated with macroeconomics, and understanding how the world works in general, and how all the moving parts are intertwined.
I've read books such as "Reminiscences of a Stock operator" and thought Lefevre's 30,000 foot approach to predicting certain commodities will rise based on world events was really interesting.
So I wanted to ask, as a humble beginner:
What does your weekly / monthly commodity investing routine look like?
Are there certain news sources or aggregators that are good to glance over, that help filter out the "noise", and make it easier to make informed decisions?
For a US-based investor, are ETF's on the NYSE the best way to invest in commodities such as Copper, Coffee, Wheat, etc? How do you find the best investment vehicle for each commodity?
The reality is that the future looks pretty bright for Nevada Copper Corp (NEVDF) or Hudbay with large copper properties beside each other =
Likely profitable going forward and holding some excellent properties in stable jurisdictions.
It is a perfect time for Barrick or ? to make a play for Nevada Copper or/and Hudbay. Ex... Barrick has publicly stated that they are looking for a copper play.
Maybe soon to moon )
Russia elite billionaire taken large position with great future foresight -
$China, Peru, and the copper bull market 12,351 views•May 8, 2021
$Nevada Copper Corp (NEVDF) RE: Converted to Canadian = $1.66 to $3.30 per share......
At $4.50 copper, 2.3 billion fully diluted shares and 70,000 TPD open pit:
70,000 tpd X .005 copper equivalent X 88% recovery X 2000 pounds per ton X 365 days per year = 225 million pounds plus 65 million pounds from underground = 290 million pounds X ~ $2.50 profit = $725,000,000 free cash-flow per year.
70,000 tpd X .005 copper equivalent X 88% recovery X 2000 pounds per ton X 365 days per year = 225 million pounds, plus 65 million pounds from underground = 290 million pounds X ~ $3.00 profit = $870,000,000 free cash-flow per year.
$Nevada Copper - Pumpkin Hollow Project Extract - will be the great new copper, silver, gold mine - )
$Nevada Copper Provides Operations Update April 21, 2021 View PDF April 21, 2021 –
$Nevada Copper Corp. (TSX: NCU) (OTC: NEVDF) (“Nevada Copper” or the “Company”) provides a project update for the underground mine at its Pumpkin Hollow project (the “Underground Project”).
The first stope will be mined in the East South Alphabets zone this week.
$The Alphabets zone is expected to carry copper equivalent grade of approximately 2.5%.
Ventilation Expansion
The electrical upgrades have been completed and the fan bulkhead is in the final stages of construction for installation of the remaining underground ventilation fans. Two additional underground ventilation fans, as previously announced, are on schedule for installation in May, which should enable further increases in underground development rates.
The surface ventilation fans remain on schedule for installation in the third quarter of 2021.
Lateral Development Lateral development in March increased 69% from February after the previously announced electrical upgrades were completed.
Lateral development early in the first quarter 2021 was slower than anticipated due to cautious progress through a water bearing dike. Progress continues with penetration through the dike.
$Continuing to Increase Mill Throughput Rates
While we are still batch processing ore through the mill, we achieved a weekly average of 4,700 tons per day (“tpd”) and maximum daily milling throughput of 5,000 tpd during March.
Concentrate grade continues to be achieved that comply with off-take specifications.
Concentrate grade has continued to rise, with an average grade of 26% achieved in March compared to 24% during January and February.
The Company is on schedule to reach steady-state production of approximately 5,000 tpd in the third quarter of 2021.
“We are pleased with the progress achieved in Q1 despite the challenges with lateral development and we look forward to the imminent blasting of our first high grade stopes,” stated Mike Ciricillo, Chief Executive Officer of Nevada Copper.
“As well as advancing our stope development, we look forward to further increases in underground development rates as we move closer to steady- state production in Q3 this year.”
Qualified Persons The information and data in this news release was reviewed by Greg French, C.P.G., and Norm Bisson, P. Eng., for Nevada Copper, who are non-independent Qualified Persons within the meaning of NI 43-101.
About Nevada Copper
Nevada Copper (TSX: NCU) is a copper producer and owner of The Pumpkin Hollow Copper Mine project - Located in Nevada, USA,
$Pumpkin Hollow Mine has substantial reserves and resources including copper, gold and silver.
Its two fully permitted projects include the high-grade underground mine and processing facility, which is now in the production stage, and a large-scale open pit project, which is advancing towards feasibility status.
$COPPER PRICE TECHNICAL ANALYSIS: DAILY CHART (MARCH 2020 TO APRIL 2021) (CHART 1)
$Copper prices have indeed found bullish resolution, with copper prices in the past two days rising to their highest level since February 25 – the day that the yearly high was established.
With a strong fundamental backdrop, the technical picture looks promising as well. Copper prices are above their daily 5-, 8-, 13-, and 21-EMA envelope, which is in bullish sequential order. Daily MACD
$Nevada copper very Undervalued, oversold @ a bargain - the Cu investors have not discovered Nevada Copper yet - its a great opportunity, imo! ) Ex....
$Interview with Stephen Gill, chairman of Nevada Copper
Maurice Jackson of Proven and Probable talks with Stephen Gill, chairman of Nevada Copper, who discusses his company's copper project, where the underground mine is ramping up production and the open pit is fully permitted.
The price of copper has been in a steady decline since 2011, due primarily to a decreased demand from China. There are signs that this trend may be experiencing a slight recovery. The Chinese economy has begun to improve, and demand continues to outpace copper production. Analysts are cautious, but optimistic for the copper price forecast. The copper price closing on Sept 13th was $2.10, up slightly from the start of the month, but it still hovers near a six-year low.
Copper has been an important factor in humanity’s development. The metal is soft and easy to shape, though it is too soft to be useful to make tools. The discovery five millennia ago that combining copper with tin will create bronze, a much sturdier metal, launched the bronze age. Copper was the first strategic metal, and it became one of the first global trade goods.
The Gold Rush colonized California and Silver was the founding drive behind migration to Nevada, but for Arizona that building block was Copper. Many early Arizona towns were built by companies staking copper mining claims like Phelps Dodge. Places like Bisbee, Superior, Miami and Jerome exist only because of copper mining.
In present day we use copper wiring and plumbing in our houses, there is copper in many parts of our cars, and copper is essential to linking our homes and businesses together via telecommunications. Copper’s high conductivity and malleability make it vital to today’s electricity driven world.