Mossberg, Your question is interesting...The trouble with risk...

Mossberg, Your question is interesting...
The trouble with risk is you need to quantify the likelihood and the impact.
Your question assumes a major impact

Setting aside company specific catastrophes (JH doing a runner with the cash etc), country risks (war/insurrection and other areas categarised under force majeure) the biggest influencer is likeley to be supply/demand, environmental concerns, and possibly general pan-national economic collapse.

It is unlikely the world will stop needing copper but the level required currently centers on Chinese demand.
imho India is going to rival China as a major demand source.

Could EVs fail now? Short term the answer is yes (but unlikely at this stage).
In this scenario the planet is goosed anyway!A wholesale misunderstanding of the mechanics of the copper industry.
I have seen it posited that cobalt's recent rally was due to mass ignorance of it's abundance.
I sincerely doubt this true with copper.

The mechanics of the cycles have been thoroughly studied.
Likewise I believe production (supply) is accurately measured.
The reports of global copper grades falling are too widespread to be faked.
The supply dynamics short term (5-10 year view) can be reasonable forecast based on known reserves and the speed they can come to production.

Environmental concerns could hide a black swan.
Paradoxically the environmental imact of carbon emissions could also overwhelm local environmental concerns.

In short the variable imho that has the highest risk is global (China/India) demand.

Notice I skirted past company specific issues?
imho the highest risk now is mismanagement of finances coupled with global demand falling off a cliff.
It has sunk other companies.
The plus side, we have experience on our side.No demonstrable incompetence, and a blend of oversight from vested interests.
None less vested than MTR, Sprott, Australian Super and the individual holding the directors have.

I agree with all your points RhysT but I think MOD could withstand point 1 (apart from total market collapse)