RE:Love It . Across my screen from a Sprott "Energy Metals" commentary this morning:
"According to S&P Global, “Copper ore mined today typically contains only 1% or less copper, in contrast to 150 years ago when ore grades typically exceeded 5%.” An analysis by Australian mining group BHP released in July noted that major copper discoveries are becoming less common. Supply disruptions have also been abundant in the copper mining space. Codelco (the National Copper Corporation of Chile) is the world’s largest copper producer, and it recently reduced 2023 production guidance after posting its lowest copper production in approximately 25 years in 2022. Given the current historically low levels of copper inventory, short-term supply disruptions may have an undue impact on copper prices in this market."
The indicator float rock (41% CU!!) and visuals of this initial core suggest big grades. But ... a few 30 m holes a mine do not make. So the next round of drilling could be pretty exciting. Gimme 300m, 400m plus over a large area. Hello jackpot situation! Or it is just some fragment and pfffft. GLTA for sure!
cg