|There are estimated 30 mines going to deplete their resourses abd close by 2040. Very little Copper in Warehouse storage. Perhaps a month when the economy ramps up again Just to stay even with current demand. It means they will have to open 14 new mines per year and of course we have all heard demand is projected to outstrip supply. Simply on population growth alone.|
We know it takes five years construction time so the time fame hardly allows The majors to build. Depending on their situation. The most likely approach will be acquisitions of good resources both turnkey and the highest grade easy access juniors.
I see Nevada Copper Pumpkin Hollow, as a Target safe mining friendly State &country lower taxes easy access pretty well shovel ready.
My personal preference is Copper Mountain. 31 year mine life yet at Princeton BC And working on another much the same in Australia. Right next door to Teck Highland Valley Paid down a lot of debt over the last few years. And is under valued down from $7.50 now low 30 Cent range Still operating in the higher grade pits any rise in copper prices they can adjust to to lower grades and still be profitable. I believe it is on some majors list already Daily Trade volumes 350 000 to a million.
I am as of late inclined to go with those generating capital rather than those still trying to put it together.
I do hold KG and a coulple of others for the summer Drill program results rally and will sell then. That's my risk. Of course I still have SEK their still halted, Why ? don't reply to any inquiries I've sent Mabye it's a good thing at present.