It seems that most of the worlds copper is currently coming from Chile and the production there has dropped for whatever reason.
the demand for copper has risen and continues to rise with $5usd per pound forecast for 2023 or sooner.
CNB has a large amount of copper ore that is becoming more valuable by the day.
The rising cost of fuel will make it more expensive to haul but big draglines are electric and trains can be too. Yes electricity has to be produced and some of that is coal and gas but an ever increasing amount is renewable.
I am pretty positive the returns on this are going to be nothing short of spectacular and we will all profit nicely.
A few minutes research on copper futures should calm anybody worried.
Have a great day.
Charts & Broker Data, page-1270
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41.5¢ |
Change
0.015(3.75%) |
Mkt cap ! $71.35M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
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| 43.0¢ | 22000 | 1 |
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