TM.v well positioned for when copper prices recover. With green energy initiatives expected to take the driver's seat for copper demand, the recent pullback in the commodities price is only a short term blip in my opinion.
China has stated its intent to spend US$1.4 trillion on copper-heavy infrastructure programs, including 5G networks, industrial internet, inner-city transportation and rail systems, ultra-high-voltage power transmission, and EV chagrin stations.
Outside China, the EV market also represents a growing global source of demand for copper now and into the future.
Trigon Metals (TSXV: TM) has taken time in this recent market downturn to focus on exploration efforts and halt productions. This has proven to be a smart play, as recent drilling from the company’s Kombat Mine returned some extremely high copper yields, up to 7.67%.
Trigon will resume production once copper prices recovery, and this newly discovered mineralization means that production should be stronger than ever once back underway.
TM.v is currently trading at $.145, valued at $24.6 million.
https://ceo.ca/@businesswire/latest-drilling-at-the-kombat-trend-reveals-growing