Is it 0.4% then?
I'm just wondering (maybe wrong), just over my head:
* in 2011, olympic dam reported to have 1.98% cu eq
* in 2017, it could provide 500 years of copper supply. Holly 500 years?
* oak dam west can provide 6% cu eq (article above)
With copper decade high, it still couldn't go any near to iron ore revenue. How about the 500 years supply of copper at 1-2% cu eq? The cost of copper production must be crazy high I believe. I heard some recent research, copper can go to much higher price but if there's 500 years of supply with 2% cu eq, how could it bring price much higher? I might think only grade above 2% would make sound at the moment? I could be wrong.
We might see reflection of this after current bond and usd settle down.
Please correct me if i'm wrong.
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