TSXV:BKM - Post Discussion
Post by
$500,000Salmon on May 14, 2021 5:43pm
A copper price of $15 pound- is this even possible?
New bull chart for $30,000 copper price: porphyries nearly mined out
https://www.mining.com/new-bull-chart-for-30000-copper-price-porphyries-nearly-mined-out/
“The previous copper bull market took place between 2001 and 2011 and saw prices rise seven-fold: from $0.60 to $4.62 per pound. The fundamentals today are even more bullish.
“We would not be surprised to see copper prices again advance a minimum of seven-fold before this bull market is over. Using $1.95 as our starting point, we expect copper prices to potentially peak near $15 per pound by the latter part of this decade.”
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