KFM
The copper market is ripe for new highs. $4.50/lb+ is coming
- US just approved $1.9Tn bill - huge infrastructure spend in there
- New EV batteries going to use 4X as much Cu
It was already set to go into deficit this year.
Hard to see much downside in KFM.
Cash backed at 16c with upside of up to $1 on drilling. $5M in the kitty will suffice them multiple programs over the next 12 months.
