Anna Gulubova's prediction on Copper

***** article written by Anna Golubova Tuesday May 11 , 2021

"We would not be surprised to see copper prices again advance a minimum of seven-fold before this bull market is over. Using $1.95 as our starting point, we expect copper prices to potentially peak near $15 per pound by the latter part of this decade," Goehring & Rozencwajg said in its Natural Resource Market Commentary. The bullish scenario for copper is a mix between lack of new supply and really strong demand. "Stagnating copper mine supply, already colliding with strong demand, will push copper prices far higher than anyone expects," Goehring & Rozencwajg wrote. On the demand side, copper will have Chinese demand exceeding expectations, India emerging as a major copper consumer, and the overall global trend of moving towards renewable energy. And on the supply side, mine growth is projected to slow down to a halt during this decade. "The number of new world-class discoveries coming online will decline substantially and depletion problems at existing mines will accelerate. Also, geological constraints surrounding copper porphyry deposits, a subject few analysts and investors understand, will contribute to the problems," Goehring & Rozencwajg said. (end)
Copper has the potential to peak at $15.00 lb before the end of the decade 2021/2030 . If stage 1 Mine life is 13 years Rex it will become a money making machine and with staggering profits Rex Minerals must be signalled out by Superannuation funds one would think . In one of Richard 's interviews he was saying that for every increase of 25c in the price of copper means 42 cents added to the share price of Rex. So between now and 2030 Anna is supporting copper price rises and Richard went for $7.00 lb against Anna's $!5.00 lb so its possible that Rex will hit $25.00 a share if their is no more dilution . Interesting time to get set and and Rex must in your portfolio .