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Copper Futures HG1!

MOD potential breakoutMOD a Kalahari Copper Belt explorer are actively defining a large copper resource. Current bull case based on the small portion of the tenements explored to date is for a USD2.3b copper resource (coincidentally there are 2.3b shares on issue therefore $1 of resource per share), as they continue to drill out the targets this resource is expected to grow. AISC for the LOM are projected to be around $1.46/lb against a current copper price of over $3 with IRR at 38-39% based on a 9-12 year LOM. With a solid exploration program ongoing both the LOM and resource size are expected to grow substantially. Initial technical target is 6.0cps representing a 25% upside move from current share price, secondary target is the old high at 9.0cps representing an 87% increase in SP With the ongoing drilling across several fronts, T3 underground expected to be booked as resource around July/August and the T3 pit DFS delivered in the second half of the calendar year significant catalysts are in place.
MLong
by Michaeljob
Expecting Copper to Sell offCopper has had a great bull run and is still bullish at this moment. However, we have a lot of resistance at the $3.30 level, inside of a channel, lots of divergence and we are closing the week as a bearish engulfing pattern. Also, based on elliott wave we should see a sell off as we have completed 5 waves. Also, there is a lot of supply of copper, which should drag on prices. I'm also expecting a dollar rebound here soon. I don't think we will see a break above $3.31 anytime soon and I am expecting for prices to hit $2.90 to $2.50 before rebounding. Whether we hold the channel support or not will also be a big indicator of where we go. I have my best guess drawn on the chart for now.
FX:COPPERShort
by adriel.arrasmith
EPA approval & Partnership news within 2017--> very BULLISHAMEX:NAK TSX:NDM FWB:ND3 NAK (Northern dynasty minerals) 100% ownership of the pebble project (pebble mine) the following is just my opinion, you never know what happens :) this month is probably the last chance to jump in. - official EPA approval incoming, with pruitt its a done deal already! just formalities!| latest 14th Nov --> institutions jump in? spike to USD3+ - partnership news incoming, as per mgmt within 2017--> hopefully JV for 50% with an option for the other 50%! Maybe a consortium, and if we are very lucky BO | 50% for USD7 - USD9/ shares | BO USD15+ - permitting process incoming, starting end of 2017 the reason why we will get partnership news within 2017? The company has too little money left for the permitting process, and they already hired these guys: " Senior Vice President of Engineering and Project Director Stephen Hodgson (P. Eng.) will lead Pebble’s engineering and project development team, with responsibility for all aspects of project design, engineering and financial studies and regulatory compliance. He will be supported by Vice President of Permitting James Fueg (PMP, CPG), who assumes responsibility for all aspects of the project’s regulatory permitting team and process , including management of environmental and socioeconomic studies, liaison with federal and state agencies and active management of Pebble’s forthcoming Environmental Impact Statement (“EIS”) process under the National Environmental Policy Act (“NEPA”). " source www.northerndynastyminerals.com - 33m short interest = ~10% --> short squeeze when we hit >USD3-4? - biggest copper, gold, moly, silver mine found on this planet yet! - safe mine design! no cyanide used. source www.northerndynastyminerals.com - metal prices are rising, specially copper. must read: very detailed report about this mine www.docdroid.net
AMEX:NAKLong
by chrisinger
COPPER Losing Some Steam for NowOverall, I am still bullish on Copper to the mid $3.50 range. However, at this moment I am expecting a pull back because of a stronger dollar, a weak AUD, were at channel resistance, divergence, and we have made 3 waves up. I am expecting at least a rebound back to the 2.90 area, but I think 2.50-2.60 is very likely where we will have levels of support. At this point, I would strongly suggest to take off bullish bets and bet on the downside to happen.
FX:COPPERShort
by adriel.arrasmith