Copper challenges – They Are Vast!

By Tshepo Magagane

I have been following Chemaf for the past 15yrs!

Close to USD700m has been sunk into this!

It is at best a Tier 4 project.

BUT see the fight the Chinese are putting to get hold of it, you have seen Special Forces from the US also entering this fight. Or the Chinese just unlocked another Tier 3 project in Angola.

Simply because there are no new MRE projects.

There is ZERO % of capital that unlocks new tenements into projects!

This is a fiendish, herculean, gordian-knot – everyone wants projects that are 12mths away from production….but no one is willing to risk unlock these tenements!

NB: see Anglo still dealing with the production issues – the lower the grades go, the more we are going to see this with “CONFIRMED SUPPLIES”…

…Copper is simply something industry must have a myopic focus on and for CAPITAL to have a solid allocation strategy towards!