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.
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