Recording date: 10th January 2024
The Battery Show (Copper Bottomed, Episode 11)
Copper prices have been falling in real-money terms for 20 years and this has to change in the face of sustained demand growth. The incentive price for new copper production is likely to rise as supply falters due to i) depth of resources ii) grade of resources iii) discovery rate of resources iv) higher interest rates and v) inflation.
Quality shallow exploration projects with good grades, simple metallurgy and infrastructure advantages will trade a premium. Go Explorers!
Merlin discusses results from Benton Resources, Hercules Silver, and Cascadia Minerals. Hercules Silver produces an almost perfect news release and decent results. Benton Resources remains at unchallenging valuations.
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