RE:RE:RE:RE:Copper assessment DM, interesting read, as far as the avg of 20 years from discovery to production that number means nothing as many mines deposits have been discovered but not built because of lack of demand or they are in unfriendly mining jurisditions. When the real copper crunch comes into play I think would be reasonable for a discovery to go to production way sooner than the avg. Personaly think it could be done in less than 5 years if in a mine friendly jurisdiction.
Even though we are showing that we are currently in a copper defecit, I think that may be a blurred a little by that fact that China (the biggest consumer of copper) is buying more than they are consuming. That is smart on their part but they are really controlling the price right now.
When they are in a situation where their consumption is higher that what they are buying then the price goes the other way.
I still think the short to mid term price could even get squeezed a little lower. But the long term price is only going to go higher. I think we are still a couple years out from the real crunch and of course that could change either way depending how slow or quickly the world economy heats up.
My view is mines, that are currently in production and own or have rights to properties with quantities of resources are going to do very well a couple of years out and into the future. g