Copper Tops $10,000 as Supply Constraints, China Demand in Focus
Gold Back Above $1,800 for First Time Since February
The ongoing global demand for Copper (with the onset of electric vehicles) is astounding as one electric vehicle uses about 83kg of Copper alone!
SVY just needs to locate porphyry & it will follow the likes of say a Sandfire in becoming a $7 type of stock in no time imo (finger's crossed).
P.S. Copper gained another +3.18% overnight!
Excerpt below from ABC News (makes SVY a more attractive proposition imo)
"Chile's lower house approved a bill that could see progressive taxes applied on the country's Copper sales from 2024," he noted.
"Chile's government has estimated that the total tax burden for large Copper miners under the bill could be over around 80% potentially delaying new output.
Chile accounts for around 26% of global mined Copper supply.
As reported below..
“We are very excited to see clear indications of a second emerging discovery in the Stavely Volcanic Arc,” Executive Chairman Chris Cairns said.
“While the shallow mineral resource definition drill program at Thursday’s
Gossan is at an advanced stage, a new early-stage discovery at Toora West would confirm the prospectivity of the entire Stavely Volcanic Arc for further discoveries, further leveraging our dominant, first-mover position in this under-explored district,” he added.
Since the aircore drilling program wrapped up, Stavely drilled another 18 holes to follow-up on the visual observations. However, assays are pending.
Once the company receives the follow-up assays, Stavely will conduct more diamond drilling.
According to the company, if the follow-up diamond drilling confirms today’s discoveries, the Toora West prospect represents a significant porphyry discovery.
P.S. I'm really excited about our possible/potential porphyry discovery on the horizon so I'll keep accumulating on any sp weakness but please dyor as not intended as investment advice per say.
Thing is, if a significant porphyry discovery is confirmed then share price will jump to many multiples of what it is now perhaps to between $2-4 or more is my wild guess!