Agoracom: Small Cap Investment - Copper Fox Metals Inc. - Re: World's top copper miner sees metal at $2 a pound for at least two years

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CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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World's top copper miner sees metal at $2 a pound for at least two years

NotSoQuick

Mar 02, 2016 03:46PM

Re: World's top copper miner sees metal at $2 a pound for at least two years

simc1

Mar 02, 2016 04:02PM

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Re: World's top copper miner sees metal at $2 a pound for at least two years

in response to

World's top copper miner sees metal at $2 a pound for at least two years

NotSoQuick

posted on Mar 02, 2016 04:15PM

I was listening to the BMO presentation yesterday where Don Lindsay was speaking. At one point he said that at $2 copper, 40% of the worlds mines are operating below all-in costs. He concluded: "$2 copper cannot be sustained." He did say it was looking like we might have another bad year—or down year.

Codelco could be right, but the important thing for us is, what does Teck think?

4 Recommendations

Re: World's top copper miner sees metal at $2 a pound for at least two years

sydneyb

Mar 02, 2016 04:27PM

Re: World's top copper miner sees metal at $2 a pound for at least two years

hoghead

Mar 02, 2016 05:48PM

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