FutureLooking very bright, however it will take the rest of next year to reach 25M lbs as they phase
in the wells. Also, there is percolation time for the in situ solution to reach optimum levels
before extracting and then electroplating into copper sheets. That said, for those who can
understand this process, it is extremeley cheap to operate and produce copper not to mention being "green". with a very low carbon and ecological impact. The market will start to rerate
MIN as production improves with each Qtr.
Once the market begins to appreciate what MIN is all about, and that includes its expansion
plans beyond the initial 25M lbs, the uniqueness of this copper mining process should attract
plenty of institutional funds and other high powered investors who are looking for long term
high growth and profitable returns in the green economy.
As for takeover interest, that is probably at least a year or more away, but there are huge players
out there such as Tesla, and other car manufactuers who could be very interested in securing
long term copper supply for the amount of wiring required iin EV's. Copper itself will remain
in high demand as Bidens green initiatives gets pushed forward. This is a long term hold IMO,
and a ground floor opportunity for investors.