Blue Moon funds Nussir copper project in Norway, bets more on Springer in Nevada
- •Interesting move, going from a developer to a builder.
- •On one hand, I like the idea of them taking more control of the production process.
- •I've always been a fan of companies that show a clear path to generating actual revenue, not just exploring.
Hey everyone,
Just read this article about Blue Moon shifting gears, funding the Nussir copper project in Norway, and doubling down on Springer in Nevada: https://www.mining.com/blue-moon-funds-nussir-copper-project-in-norway-bets-more-on-springer-in-nevada/. Interesting move, going from a developer to a builder. On one hand, I like the idea of them taking more control of the production process. It could lead to better margins and a more stable revenue stream, which is something I always look for when considering my own portfolio, especially with my retirement planning in mind. I've always been a fan of companies that show a clear path to generating actual revenue, not just exploring. Copper is also looking strong right now, so the timing might be good.
However, going from developer to builder also means taking on a lot more operational risk. My dad always says, "It's one thing to find the gold, another to get it out of the ground efficiently." This move could be a game-changer for Blue Moon, or it could be a significant headache if they run into unforeseen issues with construction or local regulations, especially in different countries. I'm invested a bit in metals, but more on the gold side for stability. Actually, I was just playing around with some different scenarios for my gold holdings using that Gold IRA Blueprint tool – it's pretty neat for seeing potential future values. It’s a good reminder to always run your own numbers!
What do you all think of this strategy shift? Anyone have experience with companies making a similar jump? Curious to hear your thoughts, especially if you're following Blue Moon or the copper market closely.