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: Re: Copper $12,000-15,000/tonne
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Copper $12,000-15,000/tonne
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youngmoney
Mar 27, 2023 09:45PM

"Demand for copper jumped 13% last month from a year ago, and prices could reach $15,000 by 2025, Goldman Sachs has said. "

Copper at $15,000 / tonne is US $6.80 / lb.  This is over TWICE the static price assumption of $3.25 used in a 25-year economic assessment.   And 2025 is only a year and change away.  

Molybdenum rocketed higher over the last couple of years to a price that is FOUR times the price used in the economic assessment.   

What is it going to take for Teck and their friends to see the epic stupidity of sticking to their partner-starvation strategy?   A double in gold prices too?   Or a tripple maybe?   $7,000/oz maybe?
https://www.bnnbloomberg.ca/commodities/video/gold-could-be-headed-for-7-000-by-2025-bloomberg-intelligence-strategist~2035438

 

 

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Re: Copper $12,000-15,000/tonne
5
youngmoney
Mar 28, 2023 10:12AM
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