Nicholas Van Dyk

Opinions about coaching, officiating and finance. I retweet things that are interesting, not always things that I agree with!

[Robert Friedland @robert_ivanhoe]

After many years of not fully understanding the enormous challenges we’re facing in the copper market, we are FINALLY starting to see more realistic price targets.

Last night, analysts at @BMO raised their copper price forecast to ~$18,000 per tonne by 2030… 50% above what the rest of the street believes.

Despite the many factors behind their upgrade, one key catalyst is the “freight train of capex” necessary to support existing mine output.

Copper miners today need to “spend more to stay”… our industry needs to spend considerably more on sustaining capex to offset declining grades as we mine increasingly challenging ore bodies.

But we are still only at the foothills of the Himalayas…

[Dr. Copper🔋🌎⛏️ @CopperBullish]

#Copper - Copper mine supply risks first decline since 2017: Sprott

[inthemoneypod @inthemoneypod]

Canada’s approach to its natural resources is changing — and one of the country’s biggest miners says the difference is dramatic.

For 10 years, Ammar Al-Joundi says Agnico Eagle couldn’t get anyone from the federal government to attend a mine opening.

Then he got a text on a Sunday morning.

The Agnico Eagle President & CEO says newly appointed Energy and Natural Resources Minister Tim Hodgson personally reached out, introduced himself and asked one simple question: “How can I help?”

For a company investing billions in Canada and employing thousands of Canadians, Al-Joundi calls the shift a “sea change” in how Ottawa approaches resource development.

Is Canada finally getting serious about unlocking its natural resources?

Watch the full episode of In the Money with Amber Kanwar. https://t.co/OQg1Q6BLbQ

#Canada #Mining #Gold #Investing #NaturalResources #AgnicoEagle

[Katusa Research @KatusaResearch]

Canada handed 300 of the world's biggest investors a 66-page pitchbook this week

▪️167 projects worth about US$425 billion

▪️63 of them are MINES

That's more than the clean energy, oil and gas, and data-centre chapters combined.

[Banana Ball @BananaBall_]

RAC just pulled off the greatest trick play OF ALL TIME 🤯

[Robert Friedland @robert_ivanhoe]

Puneet Singh's team at @cantorfitzgerld issued a metals market update this morning, and he makes some very good points on copper:

- The copper price has held its gains year-to-date, due to very tight fundamentals in the physical market. However, copper equities have underperformed.

- The copper supply deficit is expected to continue to grow. From 2030, the deficit is expected to open up significantly, reaching 14 million tonnes (equivalent to 28 Kamoa-Kakula Copper Complexes) by 2040.

- The cost curve of copper producers has been rising significantly and will continue to rise. The marginal cost to operate a copper mine in 2025 was $3.50/lb, up 37% over the prior 6 years... and operating costs will continue to rise due to various inflationary pressures. For a new copper mine with a 15-20% IRR, a margin of up to $2.79/lb above the AISC is needed to justify the investment. This translates to an incentive price of up to $6.29/lb in 2025... Where we are in 2026, it's already higher than that.

- The capital intensity of new copper mines is between $20,000 and $30,000 per tonne of annualized copper produced... at $13,732.50 (LME price today). This is another way of saying we need higher copper prices if we are to get the required investment to meet the oncoming deficit.

So those who invest in growth and build today will be handsomely rewarded.

[Prep Baseball Alberta @PrepBaseballAB]

RHP/OF Noah Corrente
2026, @DawgsAcademy
@reiverbaseball Recruit

The leadoff man for the Dawgs, Noah Corrente, lines a ball into the LF corner for a double.

Corrente would cash another run here for the Dawgs as they lead big.

@NoahCorrente | @baseballcanada
#MorneauCup | #TheRoadToOkotoks

[North Shore Baseball @northshoreball]

@NoahCorrente played most of his career to date with North Shore Baseball and his brother Levi is another one to watch. We are extremely proud of his success with Okotoks and continuing his baseball career at @reiverbaseball!

[Baseball Canada National Championships @BaseballCANNats]

NEWS | NOUVELLES

📰Women’s National Championship Opens 2026 Baseball Canada National Championship Season:

📰 Le tournoi féminin lance la saison des championnats nationaux de Baseball Canada:

(EN) https://t.co/nZwrGbxF66
(FR) https://t.co/2nRl1higZy

#BCanNats26

[Robert Friedland @robert_ivanhoe]

Analysis out by @RBC today rightly points out that copper equities are underperforming the underlying copper price for the first time this year.

Copper prices are off only ~5% since hitting all time highs earlier this month, whereas the sell off in copper equities is significantly higher as shown in this chart 👇.

Copper equities are oversold. The copper price outlook is bullish. The dip will be bought. Copper equities will soon catch up.

[Nicholas Van Dyk @nvanref]

@PrepBaseballBC @NorthShoreTwins @JakeMcAdam10 Congrats Jake!

[MABC @MA_BC]

Team BC continued their engagements with the federal government in Ottawa.

The team had a productive meeting with @ellisbross, MP Skeena-Bulkley Valley, discussing key issues facing British Columbians, Northern BC, and the mining sector overall.

The conversation centred around strengthening Canada’s economy through a competitive and growing mining industry.

#bcpoli #cdnpoli #bcmiming

[NorthIsle @NorthIsle_CG]

Northisle will be at THE Mining Investment Event 2026 in Québec City, June 1–4. CFO & EVP Nicholas Van Dyk will present and join the “Powering the Transition: Critical Metals” panel. We look forward to a productive conference!
Registration 🔗: https://t.co/fDD9QUBfzn

[Otavio (Tavi) Costa @TaviCosta]

Mining companies today are generating the largest profit margins of any sector in the global economy by far.

Much of the market remains asleep and still analyzes mining through an outdated framework from decades ago.

To be clear:

Miners today are producing profit margins nearly double those of tech companies.

At current metal prices, this environment is absolute nirvana for well-run mining businesses.

https://t.co/rRpQ7qqZ5H

[Barchart @Barchart]

The world will experience a Copper shortage of 10 million tonnes by 2040 and pose a systemic risk to the global economy warns S&P Global 🚨🚨🚨

[FT Commodities @ftcommodities]

Huge copper shortage to pose ‘systemic risk’ to global economies, warns S&P https://t.co/sDGprhEGwZ

[NorthIsle @NorthIsle_CG]

❄️Season’s Greetings from NorthIsle! 🎄

Thank you to our investors, our valued First Nations partners — Quatsino, Tlatlasikwala, and Kwakiutl and community partners — for your trust and collaboration in 2025. Here's to continued success together! ✨🤝

#HappyHolidays #ThankYou

[North Shore Baseball @northshoreball]

Thank you to @bics_news and T21 Performance for a fantastic school visit with @northshoreball!
NSBA is looking forward to more school visits in 2026!

[North Shore Baseball @northshoreball]

@northshoreball is pleased to offer two ad-hoc catcher training sessions (Dec 3&6) for players in 13U through 18U. The training will be provided by Matt Reyes, a former college player and North Shore Twins coach.
Click here to sign up!
https://t.co/DvmS6xp7k7