RXM rex minerals limited

You might be excused for thinking that copper is as safe a bet...

  1. 539 Posts.
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    You might be excused for thinking that copper is as safe a bet as gold after listening to or reading a **promotion blocked** news item of Jun 14 2018.

    Well, maybe the thought of Copper being as safe as gold might be stretching credulity quite a bit?????

    But just maybe Copper's future is being seriously undersold in the Australian share market?

    And maybe with Copper over US$3.20lb, the exchange rate around $0.75 and Rex with its PEPR pending, it does seem that Rex is more than a little undervalued.

    I particularly note Kovacevic's comment...………. "a good way to invest in copper is through companies with optionality; projects with a lot of money spent on them, in safe jurisdictions, and have the plausibility to go into production."...…………..I think Rex ticks all those boxes.

    RUN: The True Precious Metal Is Copper
    Jun 14, 2018
    Guest(s): Gianni Kovacevic
    In the age of electrification, copper wins, this according to Gianni Kovacevic, Executive Chairman of CopperBank.
    “Today, 80% of the energy mix is fossil fuels, 20% is electricity. But in the future, all ends up in electricity. The current 20%, it took 120 years to get there. We’re going to accelerate…what’s going to make that possible? It’s not gold, it’s copper,” Kovacevic told **promotion blocked** News on the sidelines of the International Mining Investment Conference in Vancouver.
    Speaking on the potential death of platinum group metals due to the absolution of catalytic converters from electric cars, Kovacevic said that copper won’t share the same fate.
    “When you electrify a car, there is no longer a tailpipe. You have three or four times more copper in that car,” he said.
    Kovacevic said that a good way to invest in copper is through companies with optionality; projects with a lot of money spent on them, in safe jurisdictions, and have the plausibility to go into production.

    GO REX!
 
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