Havilah is Highly Leveraged to Copper re: Kalkaroo + Mutooroo, page-26

“We think copper is a great commodity because its supply hasn’t been developed in a significant way in the last 15 years,” Niziolek says, adding that global copper supply over the last three years has grown less than 1% per year, while new copper mines take years to develop. “It’s going to take a while for that supply to catch up, and longer term you have those tailwinds that aren’t going to abate.”

“These aren’t risk-free investments, but the flip side is there is a benefit of having exposure to a well-run operation,” he says. “If you can invest in high-quality miners that are able to develop new resources, have a growth pipeline in place, and then can benefit from a fixed-cost structure and rising commodity prices, we think that’s a tremendous opportunity.”

Cheers

These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.