Replies to post #3666 on Sierra Resource Group Inc. (fka SIRG)

[chris12]

copper $5.50 pound this year would definatly guarantee sirg funding but i believe it will happen before that ,any day it could happen. im even willing to work at the mine myself just to get the ball rolling of course ,i shall dig out my shovels from the garage and purchase some mules this weekend to get prepared for the grand opening of the sirg mine ,anyone got a extra mining helmet.

[lmcat]

WOW, you should have posted that. Copper above $4.00, which it hit last year, would be great, copper above $5.00 would be AWESOME!

This is what I found - looks good. Everyone predicting a nice rise.

Copper Price Forecasts From Survey of October 24, 2011
(US$/metric tonne)
Survey Date Spot Price US$7381/t Dec 11 Mar 12 Jun
12 Sep 12
% Change from spot Dec 12 Mar 13 Jun 13 Sep 13 Dec 13
Barclays Capital 8000 9000 9800 11000 49.0% Download the sample issue
Macquarie Bank 9250 9500 10000 10500 42.3% below to see the complete table
BREE 9544 10050 10050 10050 36.2% of forecasts, price charts,
RBS 9700 9744 9810 9943 34.7% and written analysis.
ANZ 8024 9424 9975 9755 32.2%
CPM Group 7670 8820 9790 9490 28.6%
Deutsche Bank 7850 8700 9000 9400 27.4%
Metal Bulletin Research 7600 8000 8800 9300 26.0%
Wilson HTM 8416 8852 8852 9253 25.4%
BIPE 7500 8000 8700 9200 24.6%
Credit Suisse 7496 8201 8907 9193 24.6%
BNP Paribas 8075 9300 9500 9075 23.0%
Econ Intelligence Unit 7761 8599 8819 9040 22.5%
Oxford Economics 7379 8089 8659 8972 21.6%
Societe Generale 7750 8200 8550 8600 16.5%
IHS Global Insight 7235 7985 8366 8481 14.9%
Citigroup 8500 7600 7850 8250 11.8%
Morgan Stanley 8929 8488 8378 8157 10.5%
BoA Merrill Lynch 6000 7500 9500 8000 8.4%
HWWI 7500 7700 7800 8000 8.4%
UBS 7275 7496 7937 7937 7.5%
Investec na 7055 7055 7496 1.6%
Prometeia 7558 7470 7332 7293 -1.2%
Consensus (Mean) 7955 8425 8845 8973 21.6%
High 9700 10050 10050 11000 -
Low 6000 7055 7055 7293 -
Standard Deviation 844 814 871 940 -
The table above shows a portion of copper price forecasts taken from the

.

Zinc Price Forecasts From Survey of October 24, 2011
(US$/metric tonne)
Survey Date Spot Price US$1841/t Dec 11 Mar 12 Jun
12 Sep 12 % Change from spot Dec 12 Mar 13 Jun 13 Sep 13 Dec 13
Macquarie Bank 2250 2350 2350 2500 35.8% Download the sample issue
RBS 2359 2249 2359 2491 35.3% below to see the complete table
BREE 2337 2475 2475 2475 34.4% of forecasts, price charts,
Wilson HTM 2162 2251 2251 2401 30.4% and written analysis.
Barclays Capital 2050 2150 2250 2400 30.4%
Deutsche Bank 2100 2200 2300 2400 30.4%
BNP Paribas 2190 2300 2325 2375 29.0%
UBS 1984 2094 2315 2315 25.7%
ANZ 2028 2249 2348 2315 25.7%
Prometeia 2143 2233 2250 2261 22.8%
BIPE 1950 2050 2150 2250 22.2%
HWWI 2000 2080 2150 2250 22.2%
Metal Research Bulletin 1850 1980 2200 2250 22.2%
CPM Group 1888 2100 2250 2230 21.1%
IHS Global Insight 1955 2026 2179 2221 20.7%
Investec na 1984 1984 2205 19.8%
Credit Suisse 1940 2094 2161 2205 19.8%
Societe Generale 2180 2200 2150 2200 19.5%
Oxford Economics 1999 2019 2069 2127 15.5%
BoA Merrill Lynch 1850 2100 2400 2100 14.1%
Citigroup 2125 2000 2050 2100 14.1%
Morgan Stanley 2161 2161 2116 2072 12.6%
Econ Intelligence Unit 1984 1984 1940 2028 10.2%
Consensus (Mean) 2067 2145 2218 2268 23.2%
High 2359 2475 2475 2500 -
Low 1850 1980 1940 2028 -
Standard Deviation 145 130 134 136 -