[ATTACH] Our view is that the price setting marginal tonne a...

Our view is that the price setting marginal tonne a decade hence will come from either a lower grade brownfield expansion in a lower risk jurisdiction, or a higher grade greenfield in a higher risk jurisdiction.
“Neither source of metal is likely to come cheaply.”
Our view is that the price setting marginal tonne a decade hence will come from either a lower grade brownfield expansion in a lower risk jurisdiction, or a higher grade greenfield in a higher risk jurisdiction.
“Neither source of metal is likely to come cheaply.”
This is a powder keg waiting to explode.  It’s why Rio Tinto (ASX:RIO) is fast tracking development of its relatively recent Winu discovery in the Paterson Province of WA.
It’s why major miners are throwing huge amounts of cash at copper explorers to form lucrative project joint ventures.

A number of copper-focused explorers saw their share prices surge last week as metal prices hit 28 month highs.
Like Hot Chili (ASX:HCH), which recently unveiled a maiden resource of 451 million tonnes at 0.46 per cent copper equivalent (CuEq) for its Cortadera deposit in Chile.
This resource compares favourably with Winu, which has a resource of 503Mt grading 0.45 per cent CuEq.
Hot Chili now has a globally significant resource of 724Mt at 0.48 per cent CuEq, or a contained resource of 2.9 million tonnes of copper, 2.7 million ounces of gold, 9.9 million ounces of silver and 64,000t of molybdenum.

https://$tockhead.com.au/resources/copper-prices-are-flying-but-the-best-is-yet-to-come/
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