“Grade decline, resource depletion, increased input costs, water constraints and a scarcity of high-quality future development opportunities are likely to result in higher copper prices needed to attract sufficient investment to balance the copper market.” - BHP
Copper (Mar'21) is currently trading at ~ US$3.67/lb.
Wood Mackenzie's research indicates the LT incentive price for copper is US$3.30/lb:
US investment bank Jefferies has raised its copper price forecast for 2021 by 14% to US$3.70/lb [from US$3.25/lb in Nov 2020], ahead of a predicted surge in demand from electric vehicles and renewable energy and the recovery of markets outside China.
HAV's MC is ~ 10% of the post-tax NPV7.5% of the Kalkaroo project at current LT forecast prices [Cu: US$3.10/lb; Au: US$1500/oz]..
"I skate to where the puck is going to be, not where it has been."- Wayne Gretzky
DYOR
Havilah is Highly Leveraged to Copper re: Kalkaroo + Mutooroo, page-23
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23.5¢ |
Change
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Mkt cap ! $74.41M | |||
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