Porphyry Deposits Education, page-39

We are not playing 1 round of golf.
this is 4 rounds.

all I know is this.
the super cycle of copper is yet to start.
head grade of copper is falling at 2% per year
for 12 years till 2017.
head grade copper is now at 0.53%
new mines in development.at 0.39%
so grades are falling
and we need to produce more.
1 sector of the economy
cars 85 million produced annually.
2028 suggest 33% will be EVs
at 42 kegs of copper per car.
thats 1.2 million tons per year every year
and that grows to 40% by 2030
1.4 million tons per year.
for 1 sector!!!!
escondida Chile largest copper mine produced
1.4 million tons.
for 1 sector we need to find that size mine again
in 7 years, get it through red tape, into production
in 7 years.