ERO Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: Positive developments in the Furnas project with Vale could significantly boost copper production, driving ERO prices upward. Increasing global copper demand supports this bullish narrative.




Bearish Case: Persistent equity fundraising needs and potential delays at the Tucumã project could lead to stock dilution, negatively impacting ERO prices in the near term.




Potential Outcomes:

1) Furnas development advances (65%);

2) Equity raises dilute shares (80%);

3) Production delays at Tucumã (30%);

4) Strong recovery in copper prices (70%).




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October 27, 2024


Ero Copper Forecast

ERO        Ero Copper











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