TSXV:LBC - Post Discussion
Post by
MarketMakerss on Sep 25, 2024 6:18pm
'Huge Copper Play backed by Frank Giustra'
'Huge Copper Play backed by Frank Giustra' - Joining The Deep Dive during the 2024 Beaver Creek Precious Metals Summit, Libero Copper (LBC.v LBMF) detailed the optimistic outlook on the precious metals market and the Mocoa Project where the company recently mobilized to start drilling: https://www.youtube.com/watch?v=9ZcmH9ZnMw0
The Case for Copper
- Copper demand is increasing due to the global electrification trend and rising energy consumption, driven by factors like AI and the shift away from fossil fuels.
- Significant underinvestment in copper exploration creates a favorable setup for future growth.
The Mocoa Project Project
- A large copper-molybdenum project in Colombia with 630 million tons of resource at a grade of 0.33% copper.
- Potential to become the largest metals project in Colombia’s history, with significant room for growth.
- The project also contains a substantial molybdenum component, contributing to its overall value.
Experience and Expertise
- Libero's team includes experts with experience in advancing large-scale copper projects, providing a strong foundation for future development.
- The company focuses on advancing assets towards construction decisions, leveraging their niche experience in copper development.
- The company is well-supported by strong shareholders, including Frank Giustra, who owns 11% of the company.
Future Plans and Milestones
- The company has been cautious about drilling due to political factors in Colombia but is poised to restart exploration before the end of the year.
- Investors should watch for news on the resumption of drilling, which will drive future updates and potential value creation.
Positioned as a long-term copper play, LBC benefits from a strong management team and a focus on medium to long-term copper fundamentals.
Posted on Behalf of Libero Copper and Gold Corp.
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