I would assume you are trying to make a point about "peak copper", though that is not clear, especially as Chili, the top producer, is not on your list.

That aside, the world has been at peak copper production since time began, but the market responds with ever widening and cheaper reserves. This is not likely to change.

What's important for investors/speculators to understand, however, is that companies holding large, rich and easily exploitable reservers will earn premiiums for their shareholders. This is what owners of LBSR look to in the pending drilling program.

At current prices, it seems Hay Mountain neighbor, Rosemont, is dead in the water - no development work going on there since the sale a couple of years ago. Work continues at Resolution near Superior, AZ, but that will be the world's most costly mine ever, and something like 20-years work has already gone into it, while production is still a decade away, or more.

If up coming drilling at Hay Mountain proves rich, near surface ore, production could begin comparatively soon. ...big IF, of course.

VP