From Scotia this morningAlthough thet don't cover Amerigo they are very bullish on copper and other base metals going forward. Here is there copper price forecast for the next 3 years. More than enough upside to negate any tax increase.
Price Forecast Significantly improving our copper price deck. We have once again, materially increased our copper price outlook given the higher current spot price, positive sentiment, and our anticipation of a relatively tight market in the 2021-2024 period, followed by critically tight markets thereafter.
Our revised 2021-2025 copper price forecast of $4.15/lb, $4.25/lb, $4.25/lb, $4.50/lb, and $5.00/lb, increased by an average of 7.7% per annum from $3.80/lb, $4.00/lb, $4.00/lb, $4.25/lb, and $4.50/lb previously. Although our long-term copper price of $3.25/lb remains unchanged for now, we see growing upside risks emerging from a potential increased mining taxation regime in Chile and Peru.