Core Viewpoint - Freeport-McMoRan (FCX) shares have experienced a significant decline of over 16% following a catastrophic mud rush incident at its Grasberg Block Cave mine in Indonesia, which has resulted in fatalities and operational suspensions [1][3]. Financial Impact - The Grasberg Block Cave incident has led to a 6% reduction in the third-quarter sales forecast for gold and a 4% reduction for copper [3]. - Long-term production estimates for 2026 could fall approximately 35% below previous forecasts, with a full recovery not expected until 2027 [4]. Operational Significance - The Grasberg Block Cave is critical, representing 50% of PTFI's proven reserves and 70% of projected production through 2029 [4]. Insurance and Financial Stability - Freeport-McMoRan has insurance coverage of up to $1 billion, but this is limited for underground incidents, with a cap of $700 million after a $500 million deductible [5]. - The company maintains a healthy current ratio of 2.47 and a moderate debt-equity ratio of 0.31, indicating financial stability [6]. Market Context - Despite the incident, copper prices have increased by 2% due to supply concerns, with futures rising above $4.82 per pound, which could help offset production losses from Grasberg [6][7]. - The long-term fundamentals for copper remain strong, driven by rising demand from electric vehicles and renewable energy infrastructure, suggesting potential investment opportunities in FCX shares [7].

Are you buying the dip? 👀 ...

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Eat the dip like you want to eat this 🍑 https://t.co/uZmRhGJsgwTHE HUNTER ✴️ (@TrueGemHunter):Dips are for buying ...

This is a case that I'd be interested to be buying the dip on $W if I had the opportunity.Clear break above the weekly MA indicating that we'll see a lot of upwards momentum. https://t.co/vooFNgKluG ...

Good to see that $ETH holds the crucial area.Would love to see more strength.In case of losing this area, I've marked a big zone of interest. If $ETH dips in any of these ranges, then I'm quite happy to be buying the dip. https://t.co/NuOfjMtZL0 ...

BREAKING:🇺🇸 BLACKROCK HAS JUST BOUGHT 770 $BTC WORTH $88.4 MILLION ON COINBASE.INSTITUTIONS ARE BUYING THE DIP. https://t.co/FlGjAc6iQK ...

DIP IS FOR BUYING >> https://t.co/mAuUlte0QxWhale Insider (@WhaleInsider):JUST IN: Michael Saylor’s ‘Strategy’ buys another 4,048 $BTC worth $442.7 million. https://t.co/XTejynJgcC ...

RT Lil Toro (@torogems)Is that time again where we fat finger our favorite $USELESS charts and leaving them to marinateNothing feels better than buying the dip and watch ur bags growing https://t.co/nTZUZBBaEf ...

RT THE HUNTER ✴️ (@TrueGemHunter)Dips are for buying, remember how long last dip lasted ‼️ ...