Ann: Pre-feasibility Study - Caravel Copper Project, page-9

$1.2B Capex, $1.1B NPV pretax, $1B Royalties.  6+ year pay back. Lame.

Anyone understand the sensitivity tables on p53? What would a $6 Copper price do to the NPV? Pretty sure that price will come, as we cant put electrification on hold, since we are on a timeline to zero emissions.

Any large copper deposit will have to be made profitable  because there simply isnt enough ore in the known deposits to meet future global demand. 90% of global copper miners need a Cu price over $3.65 to be profitable. LME stockpiles of copper are currently very low. Current market ructions re Cu price are contra indicative to reality and will be temporary. I presume the big players in the market are engineering a nice finish to their shorts, and setting up their longs not too far from now.

https://www.*4*fr.com/markets/commodities/lme-metal-inventories-plunge-to-critical-levels-20220408-p5abwl
4 = a