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]

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

[NorthIsle @NorthIsle_CG]

Northisle was proud to take part in #MiningDay at the BC Legislature—an important opportunity to highlight mining’s role in BC’s economic future. Grateful to the MLAs we met and to @MA_BC for organizing this impactful event. #BCMining #CriticalMinerals #Reconciliation

[North Shore Baseball @northshoreball]

@northshoreball Register here: https://t.co/xJRG4gLZ3t

[Michael Goehring 🇺🇦 @goehring_m]

@NorthIsle_CG is developing a promising copper and gold project on Vancouver Island that will enable the local economy to thrive and help secure British Columbia's economic future, responsibly. See MLA George Anderson's statement in the BC Leg. below.
#bcpoli #cdnpoli #Nanaimo #BCmining

[MABC @MA_BC]

“When we connect our resource strength with our clean energy future, when we empower local people to lead, when we make room for the next generation to dream — we create jobs, we build belonging, we build purpose and we build BC."

@G_Anderson1, MLA for Nanaimo-Lantzville recounts his recent visit to the @NorthIsle_CG Project near Port Hardy.

https://t.co/CCOOUmqkBt

[MABC @MA_BC]

Southwest BC and Vancouver Island connect BC mining to the world.

From Vancouver’s ports to supply and service hubs in Nanaimo, Campbell River, and Port Hardy, this region keeps BC’s mining industry moving by sea, road, and rail.

One proposed critical mineral project, @NorthIsle_CG’s North Island Project near Port Hardy, highlights this opportunity. Along with 26 other proposed mines across BC, it would strengthen the province’s role in global supply chains for copper, gold, and other essential materials.

Construction and development of these proposed projects is expected to contribute near-term economic impacts in Southwest BC and Vancouver Island of:

🔷 59,000 person-years of employment and $4.1 billion in labour income
🔷 $1.9 billion in tax revenues
🔷 $6.9 billion in GDP
🔷 $1.6 billion in investment

Mining supports thousands of jobs beyond the mine site: in shipping, transport and logistics. Coastal jobs in these sectors help move the minerals and metals that power everyday life.

See our 2025 Economic Impact Study to learn more: https://t.co/DCIOviNhxm

#BCMining #EconomicImpact #bcpoli

[NorthIsle @NorthIsle_CG]

Thank you MLA George Anderson for recognizing NorthIsle in the BC Legislature. We're proud to be part of the North Island’s future—driven by collaboration, opportunity, and responsible development. 📺 https://t.co/YzK961kPVN
#Copper #Gold #CriticalMinerals #MiningBC