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Alta Copper Corp T.ATCU

Alternate Symbol(s):  ATCUF

Alta Copper Corp. is a Canada-based copper developer, which is engaged in the acquisition, exploration and development of mineral rights interests. The Company is focused on the development of its 100% owned Canariaco advanced staged copper project. The Canariaco Copper Project is an advanced stage porphyry copper exploration and development project located in Northern Peru. Canariaco comprises about 97 square kilometers of highly prospective land located about 102 kilometers (km) northeast of the City of Chiclayo, Peru, which includes the advanced stage Canariaco Norte deposit, Canariaco Sur deposit and Quebrada Verde prospect, all within a four km NE-SW trend in northern Peru’s mining district. The Company also holds other earlier stage base metal properties located in Peru and Canada. Its other projects include Don Gregorio property, Arikepay Copper-Gold Porphyry Discovery, and Canyon Creek property. Don Gregorio property is a copper-gold porphyry target located in northern Peru.


TSX:ATCU - Post by User

Post by bigmoney14on Dec 07, 2020 5:20pm
252 Views
Post# 32054395

COPPER BULL MARKET: MORGAN STANLEY & GOLDMAN SACHS AGREE

COPPER BULL MARKET: MORGAN STANLEY & GOLDMAN SACHS AGREEMorgan Stanley and Goldman Sachs agree that Copper is entering a supercycle.

With DNT market cap of just $20 million, Candente Copper is now beginning the process of reclaiming its former glory with plans to put Caariaco Norte into production. Market cap of the past is on the horizon. Goldman Sachs and Morgan Stanley see it.

Very informative 17min interview about Candente Copper, well worth listening to.

https://www.youtube.com/watch?v=EmcqpFBM96w&feature=emb_logo

....copper numbers are so good, some market observers are pulling up charts from the “mining supercycle”. Reuters quotes Goldman Sachs predicting a return to the “structural bull market” of the 2000s, when most mined commodity prices got a lift due to demand (especially in China and India) outstripping available supplies. In a report the investment bank states: 

“Covid is already ushering in a new era of policies aimed at social need instead of financial stability [which] will likely create cyclically stronger, more commodity-intensive economic growth, that should create the elusive cyclical upswing in demand.”

Metal traders say copper is looking like it did at the start of the ’03 supercycle start, having surged this year on a wave of bullish factors including a weakened dollar, optimism over covid vaccines, a move toward low-carbon power sources, and virus-related supply disruptions in the key copper-producing countries of Chile, Peru and Mexico. Prices are up more than 70% from a mid-March low, and Morgan Stanley predicts a substantial increase next year, to an average $7,716 a ton ($3.85/lb) in the fourth quarter.
 

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