RE:RE:RE:CopperThe Blue Lake porphyry does seem to have similarities to Wafi Golpu and more importantly all the PG island is essentially a huge formation for copper gold and other high value metals. The porphyry will be a joint venture with a major.
There is some chance that the K92 lease becomes a new Grasberg eventually. Nevertheless K92 will be extracting Gold and Copper for decades.
In the short term larger investors are nervous about the US 10yr bill as an indication of upcoming inflation and it's short term affects on gold. However the Feds have with no hestitation re-iterated it's determination of keeping yields under control for several years. Investors will re-convince themselves of that fact in the next couple of weeks.
KNT and others will resume their trajectory probably after next week when the $1.9t bill is passed and the 10yr treasury shows it is levelling.
Meanwhile buy more. My position in K92 is getting larger and larger. The 6 range will be an 8 range before the end of March...