DML discovery metals limited

Just thought to follow Downanout's lead to provide for...

  1. 435 Posts.
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    Just thought to follow Downanout's lead to provide for additional reading material to give people perspective on why invest in copper.

    While the author tends to relate more towards larger producers especially Americans, it does relates to DML's potential in that our mines are at or higher than world's averge with good geopolitics and existing infrastructure.  

    http://www.**promotion blocked**.co...-Multi-Year-Global-Copper-Market-Outlook.html

    I attached below some of my highlights from reading this.
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    ........Since 2000, average head grades for copper, without adjusting for production weightings, declined from 1.3% to 1.1% in 2012.   Furthermore, the weighted average head grade for mined copper is likely less than 1% as several of the world’s largest copper mines have been in production for many decades and are now mining extremely low grade ore (less than or equal to 0.5% Cu)..................
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    Copper supplies are likely to exceed demand in 2014 and 2015; we further expect this situation to persist for 2016 and 2017. This is less than an ideal environment for promoting rising copper prices. However, the economics of copper mining have changed dramatically over the last 11 years. Operating costs for the sector have risen substantially while head grades have, and are expected to continue to, decline.Additionally, copper inventories are also near historic lows preventing prices from moving back to pre-2004 lows. Over the 10 year forecast period, copper price are likely to rise as capital costs and regulatory risks for large scale mining development projects have become significant hurdles deterring investment into future production.
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