Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

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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Message: copper outlook
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Interesting comment....

Our forecast for 2021 is $3.75/lb, and for 2022 is $3.34/lb. We believe that rising production costs will keep long-term prices above $3/lb. Our research indicates that most of the large undeveloped copper projects have break-even prices higher than $2.5/lb. We believe prices need to be at least 20% higher than the break-even prices (or $3+) to incentivize copper developers.

 

Imo. I don't think that $3 copper would be very much incentive for most miners. But what do I know? 

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