RE:RE:StatusHi Bdlight,
The Towards Sustainable Mining (TSM) initiative of the Mining Association of Canada (MAC) has been adopted by the Philippines - check and done.
The House Bill No. 6135 or the Fiscal Mining Regime Bill is being fast-tracked along with other bills aimed at increasing revenues for the government and citizens of the Philippines.
The three open-pit, permit ready, mining projects that are on hold are the Tampakan Copper Project of Sagittarius Mines, Inc., the King-King Copper-Gold Project of Nationwide Development Corp. and St. Augustine Gold & Copper Ltd., and the Silangan Copper and Gold Project of Philex Mining Corp. 99.9% these will open first ASAP.
Once SAU is halted with the news, it should reopen at $1.00+ then slowly move up to $1.50 over the next weeks. Once the mine is production ready I would say $3.00 and then after a year of operations $4.00++
The price of copper is going to soar over the next decade and depending how gold plays out we could be $5.00 to $6.00 in 3-5 years
P.S. The Leyte Industrial Zone is going to need a lot of copper... I am thinking King-King will be a big supplier
https://business.inquirer.net/314517/phs-first-ecological-indl-zone-to-rise-in-leyte
GLTA