If you are still nosing around for possible interesting copper stocks, World Copper [TSXV:WCU] may be worth a look. The miner currently has projects on its radar in Chile (Escalones porphyry-skarn) and Arizona (Zonia copper-oxide porphyry). We met with the company management on a recent trip to Switzerland to discuss the projects.
Our view is that everyone needs to have at least one copper prospect in their portfolio. The sector is setting up to benefit from some impressive fundamentals. Bear in mind that the average grade mined by the top 15 producers has decreased from 1.2% to 0.72% Cu in the last decade. while worldwide average reserve grades have fallen to 0.4% Cu - what was once considered low grade is now average!
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