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Ann: Drilling and Exploration Update at Storm Copper, page-39

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s1r1us

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12/05/23

07:10

Post #: 67734049
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Originally posted by Gottinhimmel ↑

From Money Morning article

‘However, there’s one metal that sits uniquely among all others…‘Copper.‘As the only viable option for conducting electricity, copper holds unique physical properties that make it the critical metal for the ages.‘This is NOT a one hit wonder commodity.‘In a future ‘electrified’ world, copper cannot be replaced with an alternative metal.‘The laws of physics all but guarantee that.‘It sits at the heart of the green energy transition but is also crucial for traditional manufacturing and construction.’Echoing Chancellor, James thinks the case for copper’s long-term upside rests exclusively on supply:‘As the Canadian billionaire mining magnate and CEO of the Ivanhoe Mines [TSE:IVN] puts it, the outlook for copper rests on one-third demand and two-thirds supply.‘Supply (or lack of it) will be the primary driving force behind what I believe will be a new copper boom, one that could rival perhaps the largest ever recorded…‘That was way back during the US Civil War, more than 160 years ago, when copper reached a staggering $8 a pound!’The Department of Industry, Science and Resources agrees, stating in the latest Resources and energy quarterly:‘However, it is forecast that [copper] demand will outpace supply from 2026, resulting in market deficits and upward pressure on prices. Higher production costs (partly due to declining ore grades), higher capex and higher financing costs will add to upward pressure on prices.’

Perfect timing for Storm to come on line with a DSO operation!!!!

Assays coming and massive rerate

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"Copper.‘As the only viable option for conducting electricity"

Who ever wrote that for MM hasn't got a clue.

Near all HV Transmission lines around the world use Aluminium.
Why?

It is lighter in weight. Hint: We know that all metals are good conductors of electricity. Aluminium is a metal. Generally, copper is used in household electrical wires but when it comes to overhead power cables aluminium is preferred because it has better conductivity to weight ratio.

Last edited by s1r1us: 12/05/23

AW1 Price at posting: 5.8¢ Sentiment: Buy Disclosure: Held
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Ann: Drilling and Exploration Update at Storm Copper, page-39

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Ann: Drilling and Exploration Update at Storm Copper, page-39

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