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Re: masslanding post# 2000

Monday, 01/13/2020 6:40:53 PM

Monday, January 13, 2020 6:40:53 PM

Post# of 3588
I think that’s a three month futures contract. Spot price is a bit more relevant but it’s all trending well. I prefer the site below as it also shows current inventory levels which are getting really low.

It’s worth noting that every five cents over the 2.75 FS pricing equates to roughly $30MM in NPV. $2.80 is nothing to sneeze at and MIN appears to be entering production at an opportune time.

http://www.kitcometals.com/charts/copper_historical_large.html

You can also get data from the LME site but I think it’s only updated daily.