On Monday, copper successfully surpassed its long-term key breakout point of $3.30 per lb. Today, copper exploded to a new 92-month high of $3.52 per lb!
Over the last three months, the Global X Copper Miners ETF (COPX) has gained by 23% vs. Vaneck Vectors Gold Miners ETF (GDX) declining by 14%. During this time period, the #1 largest gaining producing copper miner has been Copper Mountain Mining (TSX: CMMC), which operates a copper mine in British Columbia and has gained by 92.94% or quadruple the gains of COPX.
CMMC is a low grade copper producer with average copper grades of only 0.22%. With CMMC achieving huge success at the Copper Mountain Mine in British Columbia despite low copper grades of only 0.22%, imagine if there was a company that owns 100% of a British Columbia copper mine with average copper grades that were 6.90X higher than the Copper Mountain Mine. Imagine if this company's British Columbia copper mine already has infrastructure in place including a mill and underground workings providing access to much of its copper resource.
NIA will be issuing a very important alert tomorrow morning.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. This message is meant for informational and educational purposes only and does not provide investment advice.