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Instol I prefer gold exposure over base metal over the next couple of years at least.
Glad to have Burn come on line in 5 months and very happy with progress in Kyrgyzstan.
However as Investorpaul just mentioned, Jervois has precious metals and depending on the gold, silver and copper prices in a couple of years, who knows, we may be looking at Jervois as a precious metal mine with copper credits.
Regardless of that though, copper mines around the world are rapidly seeing lower head grades and new mines are seeing steadily lower reserve grades.
Most new mines are large very low grade (historically speaking), typically around 0.4-0.5%.
At Jervois we have 1.3% with known silver credits and as yet undefined but significant gold credits.
Lower worldwide copper grades will put a base under prices even if demand falls for a couple of years.
I think if growth in China does slow, it will trigger more stimulus in the form of further growth of infrastructure projects like their current long term power grid rollout, so even with their economy slowing, copper imports may not slow as much.
I expect Jervois will give us excellent upside on top of what we will get out of our gold projects, and long term fundamentals for copper should be strong.