Copper prices now and in the future - What it means to WRNI've always thought and mentioned often on this board that the value of WRN should be based not on what prices are today, rather what they will be when copper and gold are actually pulled out of the ground in 4 or 5 years from now. Unfortunately no one can say for sure what those prices will be, although as far as copper is concerned it is generally agreed - MUCH HIGHER! The attached link to Goldman's Jeff Currie explains. His point is that the current price of copper is based on current supply and current demand. The fact that we are on the verge of a severe deficit isn't reflected in the current cost. Well that's fine because WRN isn't currently selling copper. I think that when we look at WRN's chart that shows NPV at various copper/gold prices we should (and they should negotiate) at least $6.00 copper and $2,500 gold. Now take that NPV and see what that does to market cap & share price. Good video, check it out.
https://www.bloomberg.com/news/videos/2022-03-09/goldman-s-currie-expects-50-rise-in-copper-prices-video