RE:Copper can go higher than $6.80/lb | Max Porterfield V.CNXI just watched this for the third time. When Max has the time and slows down the speed with which he speaks, his commentary is quite impressive. Currently CNX reports six million tons of copper before any Decendant details are reported. Those 6 mil tons are worth $25 mil US while CNX stock price , total capex -in Canadian dollars is $22.6 mil. If Decendent drill results come in as anticipated, CNX has a huge upside just from a cu perspective. $ sitting off to the side are CNX's $788 mil zinc deposit at Point Leamington in Newfoundland and then the entire set of ore laden properties at Bathurst in New Brunswick.
The two basic ingredients for CNX investors are patience and preserverance. Those of us who saw Robert Friedland bring Kamoa Kakollah cu mine in t he Congo up to production can see a lot of similarities between CNX and Ivanhoe Mines .
We are in excellent hands with Max and his team.