In fact, there is no correlation until certain people think...

In fact, there is no correlation until certain people think there is a correlation and therefore buy.

The higher the price of CU rises, the higher the probability that this correlation will be "discovered".

There are few reasons why the SP has been significantly higher several times in the last 3 years even though the CU (and gold) price has been lower.
What was different? The perception - not the facts.

In the end, it is all a question of perception. Currently, HMX is hardly noticed - despite everything. So it takes one or two triggers to correct this perception.

As soon as this is the case, every possible correlation will take effect. With the upcoming drilling programmes, there is a good chance that this could happen in the coming months. Something exciting will certainly be found at some point - from a purely statistical point of view, it should work sooner or later.

At least that's my view of things.