GREY:NEVDQ - Post by User
Comment by
bogfiton Dec 17, 2023 11:41am
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Post# 35788777
RE:mining.com
RE:mining.comWell, opinions are like ___holes, every one has one.
I would like to ask what difference higher prices would make with a mine in the sub-tropics whose delivery of concentrate is prevented by extreme weather or regional conflict? Reduction in global copper production will cause copper prices to rise, but the increasing divergence in mine building and operational costs in various regions of the earth will become a major factor in favoring project development.
Think about this like a banker. Where would you invest, and what risks are you willing to accept?
From a retail perspective we need to understand that mining companies are “competing” for investment dollars Some might call it a “beauty contest”. The truth is that all projects are not the same in terms of risk, cost, and/or potential gain. If all other things were equal, would you invest in a third-world nation hundreds of miles from the nearest seaport, surrounded by millions of starving people suffering from armed conflict, or in North America while the rule of law still prevails and has a world-class transportation system?
Friedland has his own agenda.
b.