RTG Mining is a way to play the stronger copper price

The gold price is up again, to a new record of US$3,084/oz. I won't make a big deal of it as it is exactly what we should be expecting. The general media is starting to wake up to gold, running stories on the recent strength in the past week. Will this mean that the man in the street will come in and look for bullion investments? Quite possibly, as this would be typical bull market behaviour. Does this mean the gold market is topping out? Maybe, but I would suggest otherwise.

We are seeing price behaviour in gold like we saw in the 1970s when the world came off the Gold Standard. Eventually there was a major blow-out when gold hit US$800/oz, but we are a long way from this sort of behaviour yet.

The copper price has been performing well since late December, rising from below US$4.00/lb to more than US$4.50/lb recently. If this trend continues we will see people talking up copper companies more aggressively. With this in mind we have written a piece on RTG Mining Inc, a copper company with a special copper project in the Philippines; special because it has very profitable supergene mineralisation running at 21% Cu in its first year of operation. The shares were in a trading halt last week as it has been undertaking a U$12m placement in support of the impending development, supplementing the US$30m that will be coming from Glencore. 

 WeeklyComm29March2025.pdf