Strategic Minerals Share Discussion Threads

[johncasey] 14/5/2021 10:32

come on everybody...time to join the party!

[johncasey] 14/5/2021 08:53

bought more

[johncasey] 11/5/2021 19:49

i see cornish metals is starting to rise strongly..copper and tin,very nice..lets hope sml follow suit

[richsmithsmith] 11/5/2021 18:20

Got every faith. Have loaded up.

[jotoha2] 11/5/2021 17:13

Surprised this is not moving up sharply , great assets but can they produce before we see another world recession .

[palwing32] 11/5/2021 15:44

Worth a look at this ref Copper.hTTps://youtu.be/wwMkAnAJJOk

[palwing32] 11/5/2021 15:44

Worth a look at this ref Copper.hTTps://youtu.be/wwMkAnAJJOk

[palwing32] 11/5/2021 15:32

Certainly worth noting this guys comments ref Copper. hTTps://youtu.be/q-H8CLCUaYM

[palwing32] 08/5/2021 15:49

hTTps://www.proactiveinvestors.co.uk/companies/news/948228/major-mining-companies-and-juniors-alike-look-set-to-benefit-as-copper-passes-its-ten-year-high-and-shows-little-sign-of-stopping-948228.html

[johncasey] 08/5/2021 08:17

im going to be buying alot more strategic minerals too SML...not only have they lots of copper but tin too thats also at a record high...£9m market cap

The Redmoor High Grade Resource is in the world’s top five highest grade tin-tungsten projects (SnEq Basis) and the top 3 new projects.

The Redmoor Inferred Resource has 45,000 tonnes of contained tin equivalent and the Exploration Target has the potential to increase this to 100,000 tonnes via further drilling planned for 2018. If successful, Redmoor will become a world-class project in terms of contained metal.

Leigh Creek Copper Mine Update

Response to Government Request For Further Information

Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a profitable, producing mineral company is pleased to confirm that its wholly owned subsidiary, Leigh Creek Copper Mine ("LCCM"), has lodged a response to the request for further information from the South Australian Department of Energy and Mining ("DEM") in relation to LCCM's Programme for Environmental Protection and Rehabilitation ("PEPR") application to mine LCCM's Paltridge North deposit.

Commenting, John Peters, Managing Director of Strategic Minerals, said:

"The submission of the further information sought reflects the on-going dialogue that LCCM has maintained with the DEM and reflects the prudent policies the South Australian government follows in ensuring mining projects are environmentally robust.

"It is the Board's view that this is likely to be the final submission required for approval and that this is likely to occur in the second quarter of 2021.

"Subject to receipt of the PEPR approval and funding, the Company expects to commence mobilisation and mining in the third quarter of 2021 with revenue commencing in the last quarter of 2021."

[johncasey] 08/5/2021 08:02

Copper price hits record high as Chile gives bulls another reason to cheer
MINING.COM Staff Writer | May 7, 2021 | 9:32 am Markets China Latin America Copper
Copper price hit record high as Chile gives bulls another reason to cheer
SX-EW processing at Chuquicamata mine in Chile. Image from Codelco.
The world’s top copper producer Chile is giving bulls another reason to cheer while prices soared to an all-time high on Friday as optimism about a global rebound from the pandemic spurs a surge across commodities markets.


Copper for delivery in July ended the day up 3.2%, with futures trading at $4.7490 per pound ($10,470 a tonne) on the Comex market in New York.

SIGN UP FOR THE COPPER DIGEST
Chile’s lower house on Thursday approved a measure that would introduce progressive taxes on copper sales, potentially creating a total burden of more than 80% — or almost double that of other major copper-producing nations.

The measure, which would go into effect in 2024, still needs to be approved by the senate and could be blocked by the government in court. But if it succeeds, it could stall investments in a country where mature low-grade deposits need plenty of expenditure just to maintain output levels of about 5.7 million tonnes a year.


Related read: As China row deepens, 1 million tonnes of Australian copper concentrate needs new buyers

“This would at the very least delay any new capacity, extending the lengthy time-line to bring on a new mine,” said Grant Sporre, an analyst at Bloomberg Intelligence.

“Chile’s output could start to fade to 5 million tonnes.”

Chile’s copper export revenue jumped 69% in April. The world’s top copper producer said it had exported $4.541 billion worth of copper in April alone.

“THE COPPER MARKET AS IT CURRENTLY STANDS IS NOT PREPARED FOR THIS DEMAND ENVIRONMENT”

Goldman Sachs Group
Prices are up more than 30% this year and have more than doubled from lows in March of last year.

Click here for an interactive chart of copper prices


“Given high payments to the state, some assets would be un-investable and thus it limits the pool of mines that can make adequate returns, limiting supply,” said BTG Pactual analyst Cesar Perez-Novoa.

“No mining company is going to take risks without being rewarded.”

“It’s hard to foresee copper prices turning around amid the current bullish atmosphere,” Ji Xianfei, an analyst with Guotai Junan Futures told Bloomberg.

“Macro easing, ample liquidity and a weaker dollar continue to drive the rally, while the broader commodities surge is being fueled by bets on inflation.”

Trading house Trafigura Group, Goldman Sachs, and Bank of America expect copper to extend gains.

Steel prices across Asia and North America are also booming, iron ore is at a record above $200 per tonne as miners struggle to keep up with the frenzied pace of consumption, and tin topped $30 000 for the first time in a decade.

“The copper market as it currently stands is not prepared for this demand environment,” said Goldman Sachs Group Inc.

There are a few major mines in development and none on the scale required to meet forecasts for future demand.

“We don’t have many shovel-ready projects,” said Ivan Glasenberg, billionaire CEO of Glencore Plc.

“You will need the so-called $15,000 copper price to encourage a lot of this more difficult investment.”

[johncasey] 08/5/2021 08:01

Copper price hits record high as Chile gives bulls another reason to cheer
MINING.COM Staff Writer | May 7, 2021 | 9:32 am Markets China Latin America Copper
Copper price hit record high as Chile gives bulls another reason to cheer
SX-EW processing at Chuquicamata mine in Chile. Image from Codelco.
The world’s top copper producer Chile is giving bulls another reason to cheer while prices soared to an all-time high on Friday as optimism about a global rebound from the pandemic spurs a surge across commodities markets.


Copper for delivery in July ended the day up 3.2%, with futures trading at $4.7490 per pound ($10,470 a tonne) on the Comex market in New York.

SIGN UP FOR THE COPPER DIGEST
Chile’s lower house on Thursday approved a measure that would introduce progressive taxes on copper sales, potentially creating a total burden of more than 80% — or almost double that of other major copper-producing nations.

The measure, which would go into effect in 2024, still needs to be approved by the senate and could be blocked by the government in court. But if it succeeds, it could stall investments in a country where mature low-grade deposits need plenty of expenditure just to maintain output levels of about 5.7 million tonnes a year.


Related read: As China row deepens, 1 million tonnes of Australian copper concentrate needs new buyers

“This would at the very least delay any new capacity, extending the lengthy time-line to bring on a new mine,” said Grant Sporre, an analyst at Bloomberg Intelligence.

“Chile’s output could start to fade to 5 million tonnes.”

Chile’s copper export revenue jumped 69% in April. The world’s top copper producer said it had exported $4.541 billion worth of copper in April alone.

“THE COPPER MARKET AS IT CURRENTLY STANDS IS NOT PREPARED FOR THIS DEMAND ENVIRONMENT”

Goldman Sachs Group
Prices are up more than 30% this year and have more than doubled from lows in March of last year.

Click here for an interactive chart of copper prices


“Given high payments to the state, some assets would be un-investable and thus it limits the pool of mines that can make adequate returns, limiting supply,” said BTG Pactual analyst Cesar Perez-Novoa.

“No mining company is going to take risks without being rewarded.”

“It’s hard to foresee copper prices turning around amid the current bullish atmosphere,” Ji Xianfei, an analyst with Guotai Junan Futures told Bloomberg.

“Macro easing, ample liquidity and a weaker dollar continue to drive the rally, while the broader commodities surge is being fueled by bets on inflation.”

Trading house Trafigura Group, Goldman Sachs, and Bank of America expect copper to extend gains.

Steel prices across Asia and North America are also booming, iron ore is at a record above $200 per tonne as miners struggle to keep up with the frenzied pace of consumption, and tin topped $30 000 for the first time in a decade.

“The copper market as it currently stands is not prepared for this demand environment,” said Goldman Sachs Group Inc.

There are a few major mines in development and none on the scale required to meet forecasts for future demand.

“We don’t have many shovel-ready projects,” said Ivan Glasenberg, billionaire CEO of Glencore Plc.

“You will need the so-called $15,000 copper price to encourage a lot of this more difficult investment.”

[texaschaser] 17/4/2021 07:47

if sleveen in then I would avoid. bottom drawer share? always will be lol

[jpuff] 14/4/2021 07:10

Accordingly, the Company is confident that 2021 will begin to unlock the substantial value inherent in the Leigh Creek Copper Mine project and provide a valuable, significant second income stream before the end of the year.

[jotoha2] 24/3/2021 11:20

Some serious buying last two days with no tick up , keeping the lid on this , wonder why indeed.

[jotoha2] 22/3/2021 14:20

Looks like this one is ready for a repeat of PREM , news please .

[slingerman] 17/3/2021 15:04

Volkswagen, which owns the Porsche, Audi and Bentley brands, said on Tuesday it expects to make 1 million electric vehicles this year, which would put it comfortably ahead of Tesla in volume sales.

[searcher0] 09/3/2021 09:52

Still no PEPR submission from SML. Seems SA authorities are not happy with this project. This was supposed to be a walk in the park. Perhaps this is the reason JLP passed up on Leigh Creek. Redmoor seems dead in the water too with no JV as touted before.

[sleveen] 04/3/2021 13:34

Tungsten West (WLFE Drakelands)

[...]

[searcher0] 01/3/2021 09:19

PEPR still not with SA authorities. How soon before the begging bowl is out again I wonder. Upside getting diluted all the time.

[troutisout] 01/3/2021 07:37

Typical SML, weasel words.