RE:In Depth Article on Copper Thanks for the link WB. I have been a believer in the declining grade story for some time but I have never read it as well articulated with a twenty year time horizon as was set forth in the article you attached.
And, it was not addressed in depth but lower grades require more water. Many mines have water access issues, cmmc does not.
Cmmc is stuck in the mud until the crusher is fixed and the company starts mining higher grade ore in the second half of this year as the mine plan calls for.
Even at that, it should earn 11-15 cents this quarter with the rise in cu and au.
Do we know whether the new ball mill is up and running well? I ask as tonnage is done with the crusher issue. TIA.
I keep adding to cmmc on weakness and I bought shares in the .50 range, a better value today.