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$3.50 is usually the price thrown around for a new mine to be...

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  1. alienpig
    77 Posts.
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    11/07/18
    12:06
    Post #: 34273569
    $3.50 is usually the price thrown around for a new mine to be viable. Though I have not seen the economic modelling in detail. Couple of sources repeating that figure:


    http://www.kitco.com/news/2018-06-0...de-Wars-Because-Of-Growing-Supply-Issues.html

    (at about 8 minutes)

    Both of these sources are bullish on copper in the long term, I'm just personally taking a wait and see attitude for the immediate future.

    All the best.
    MOD Price at posting: 47.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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