Very interesting article highlighting the bullish macro outlook: "The bank also forecasts a 180,000-ton global copper market deficit in 2025... expected to be concentrated in the second half of the year due to seasonal factors... forecast that the LME 3-month price will average $10,200/t in Q3"
Apply the marco outlook to the context of the WL project: Mine delivers ~22ktpa CuEq production At spot commodity prices first 3 years of steady state production delivers ~A$500m free cashflow The mine plan indicates Woodlawn will produce an average 12,000t of copper and 36,000t of zinc metal in payable streams per annum. First 2 years of ore production is fully developed ~73,000t of high-grade development ore on the ROM pad including 6,500t of crushed stock ready for the mill Installation of a tertiary crusher and increasing crushed ore storage capacity will address the comminution capacity issues and support a processing rate more than 850kt per annum.
It looks like they might be able to produce heaps more copper than slated with the new crushing circuit. At 12,000t Cu pa WL will alleviate at least 7% of the forecasted copper deficit, meaning this is a globally significant project! Is this the perfect timing to be producing Copper or what?
DVP Price at posting:
$2.93 Sentiment: Buy Disclosure: Held
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