article about copper and some copper stocks, including Alta Here is an article about copper and some copper stocks, including Alta Copper.
"Doctor Copper's Supply Chain Is Weak While Demand Is Powerful Setting Copper Up To Go Much Higher
Companies featured in this report include McEwen Mining, Alta Copper, NevGold Corp. and Goliath Resources"
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An excerpt:
"Alta Copper (sponsor, see disclosure below)
They are a junior that owns 100% of the Canariaco project, which is an exceptional copper development project. It is in the top 10 undeveloped copper projects in grade and size.
They have recently completed a PEA that showed robust metrics using a copper price that is significantly lower than the current price of copper. By extension, it shows remarkable growth in the economic performance using the current price of copper and it only gets better as copper goes higher.
Major mining company Fortescue owns 31% of the stock in Alta Copper. The fact that Fortescue invested in Alta Copper is a good sign they think Canariaco can become a major mining company sized copper mine.
They have done their due diligence and decided to invest, so they have done the homework for investors and like what they see which is a strong endorsement of the project's potential.
In addition to investing in Alta Copper, Fortescue had the opportunity to name a representative to the board. They chose to add their top mine builder and mine operator to the board, which is another strong sign that they think Canariaco can become a future mine.
Peru is also making great strides to become a more mining-friendly jurisdiction after several years of going the opposite direction. The Peruvian government has made very positive comments about permitting key projects. Recently, Southern Copper (a subsidiary of Grupo Mexico) announced that they are resuming mine development at their Tia Maria project in Peru.
Key milestones the company has in front of it is additional drilling to upgrade the resources and for expansion drilling, plus a feasibility study.
The copper mining business needs plenty more projects in the development stages. Canariaco compares favourably in size and grade, with robust economics including a 24% IRR. Yet, relative to their peers, they still have a modest valuation.
The next group of picks are explorers, there is an extreme need for more copper exploration that leads to success moving discoveries to advance to the next stages of economic evaluation and development."
https://rocksandstocks.substack.com/p/doctor-coppers-supply-chain-is-weak