Copper is one of the most in-demand metals of the 21st century due to its usefulness as a conductive material for electricity. 20m+ tonnes are consumed each year, and as the world transitions toward renewable energy, the demand for copper has only continued to rise. Estimates place that in the future, we are going to need more than double the current yearly supply over the next 20 years in order to satisfy future demand. Furthermore, with almost every car company in the world planning on transitioning to EVs, the sector demand for copper has begun to account for a significant amount of the copper market.
Now, with the macro environment looking perfect for copper, there's a significant valuation gap for small-cap companies within the copper/commodity space. $GSHR.V recently released initial results from their past-producing North Coldstream copper mine on the Moss Lake project.
- 62.8m @ 0.88% CuE (0.36% Cu, 0.06% Co, 0.30 ppm Au and 3.1 ppm Ag) from - 8.2mdepth in CND-22-006, including
- 13.35m @ 1.18% CuE (0.54% Cu, 0.07% Co, 0.39 ppm Au and 3.5 ppm Ag) from 8.2m
- 14.65m @ 1.30% CuE (0.57% Cu, 0.09% Co, 0.39 ppm Au and 4.4 ppm Ag) from 23.1m
The article does a great job of summarizing the macro environment around copper: https://aheadoftheherd.com/goldshore-hits-bigly-copper/
With these results confirming both cobalt and copper resource from the historical mine, as they continue with exploration, it'll be interesting to see what else they can discover. Additionally, as $GSHR.V pursues one of the largest 100,000m exploration programs, there are a lot of things to keep an eye out for as things continue to develop at the property.