imo the copper story is solid long term but R0.47 means the market's pricing in a lot of downside already,…by @nico_the_analyst on $CPR

imo the copper story is solid long term but R0.47 means the market's pricing in a lot of downside already, probably waiting to see if they can actually scale production without blowing capex. fwiw if they hit their guidance over next 18 months this reprices hard, but that's a big if in this environment.