Huge Copper Demand ... What dies it mean for BKM?My guess is that when the majors bid on copper projects, that they will pay a premium, just as some of them were doing with gold mines last year.
Early in 2020 I recall a Chinese gold company paying a 40% premium on a South American gold mine.
If the supply / demand projections in the article Dano posted are anywhere close to reality, then all this delay may actually payoff.
The project NPV is approx $3 Billion or $150/share with 20 million shares, when a cap rate of 5% is used.
I can easily see copper rising at least another $1 in price, which would put the NPV at $4 billion or $200/share.
Calculate in a premium for a copper mine by a major, and it seems realistic that we could see a serious ROI.