Copper Peer Comparisons (Undeveloped Projects, Ore Reserves, PFS or FS), page-13

The copper price is exceeding all expectations and that is positive for the companies owning copper projects that have a chance to be developed.



Interesting Seeking Alpha article (link below via Tweet) from yesterday, if you have time.



Summary
Earlier this week, Citigroup made a huge call on the copper price for 2021 and 2022, forecasting US$10,000 per tonne, with a 'bull case' for US$12,000 per tonne.

In simple terms that is the same thing as US$4.50 to US$5.50 per pound of copper.

The all-time high copper price in early 2011 was in the US$4.50-US$4.75 per pound range. Copper prices over US$5.00 per pound are completely uncharted territory in market history.

If a cautious and conservative bank like Citi is saying US$4.50 to US$5.50 per pound copper, it's actually quite possible the copper price will run as high as US$5.00 to US$6.00 per pound during 2021-2022.


At the current spot copper price of US$4.07 per pound, that would put the yellow cell on the last row of Havilah's Kalkaroo Copper-Gold NPV7.5% Value Matrix table below:



Cheers

These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.