Additional Value Driver - Higher Copper PricesWhile this is clearly a predominantly Silver play, rising Copper Prices can also change the economics. As an aside, I am bullish on Silver due to the fragile recovery, slowing employment, and risk of inflation in the US.
Copper prices rose to the highest since March 2013 on Thursday, spurred by substantial increases in orders from China and expectations it will be a major component in new green energy projects (+25% YTD).The Cozamin mine can produce up to ~55 million pounds of Copper per year starting in 2021 (from MD&A Sedar filing).