"Todays POC is meaningless. If hay mtn was drilled today, what year could they pour a copper cathode? Best case?"

Perhaps an illustration will help your thinking.  In the last commodities supercycle - ending early in 1980 - all miners benefited.  That includes exploration companies having no claims of consequence.  Even these gained at least seven-hundred percent from their lows from several years earlier.

Granted, this is an outsized example.  However, it does prove that the price of copper (or any other commodity) does matter to the stock market.  It matters to producers.  It matters even more to explorers where leverage is greater. 

Consider also that that last supercycle was mild compared to earlier ones.  This suggests, from reading that I have done, that the next one will be greater.  

By the way, supercycles come about one or two times per century.  How many years has it been since the last one?  

Here's more.

https://investorplace.com/2020/08/the-next-supercycle-is-here/

The point is, everyone makes money with rising commodity prices.  The trick between making money from the bottom of the barrel of exploration stocks and making the really big bucks is in knowing who will advance to the discovery stage.  That is where the 10-100+ gainers are to be had. 

Our questions here are, who will drill Hay Mountain, and is anything there of economic importance? 

Please don't pass up an opportunity to generate massive wealth for yourself by betting against exploration-phase miners when we may be in the early stages of the next supercycle.

Good luck,

VP