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After much deliberation, I settled on Discovery Metals (DML) as my copper play (SRL is likely to be only be a trade). Discovery's Boseto copper project is located within the Kalahari Copper Belt in Botswana (a good African address), and already looks to be about a third the size of Prominent Hill in terms of copper content (at a similar grade), and it actually has more silver. Misses out on the gold though.
Looking to be in production around 2011, which looks to be good timing in terms of a recovery from the Geelong Football Club.
The beauty of this project is that in terms of exploration, they really just seem to be scratching the surface.
Market cap around $50m.
http://www.discoverymetals.com.au/re...0000000275.pdf
http://www.discoverymetals.com.au/re...0000000269.pdf
http://www.discoverymetals.com.au/ourprojects_maun.cfm
http://www.discoverymetals.com.au/re...0000000249.pdf
Last edited by Huang Chung; 14-04-2009 at 10:08 PM.
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 Originally Posted by macduffy
Very interesting article. Thanks.
Goes to confim what I have been assuming for sometime. Those Chinese are long term planners and are paving their path for the future, while we sit here thinking about our past mistakes.
China will need huge amount of raw materials to upgrade their infrastructure.
Last edited by Dr_Who; 20-04-2009 at 11:57 AM.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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Rumour has it that the Chinese are switching out of US debt and into hard commodities. The Chinese are using their huge cash surplus to stock up their depleting raw mineral reserves.
Also, China's huge infrastructure stimulus package have pushed up future demand for iron ore and copper. The Chinese are preparing to upgrade their infrastructure, which is huge.
http://business.smh.com.au/business/...0419-abf1.html
Last edited by Dr_Who; 20-04-2009 at 11:55 AM.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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Copper company? Newmont Mining corp????
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Good reading, thanks McDuffy.
In particular, I like this comment which addresses the fundamentals of copper.
Looking longer term, an enormous amount of the world’s infrastructure expenditure over the next five to 10 years will revolve around copper. We are going to re-engineer much of the world’s power generation to lower carbon emissions, and that will require copper. The communications revolution might have a strong optic-fibre content, but a large amount of the facilities will require copper. We are going to re-engineer our cars either via the hybrid movement or via electric cars and that will also involve large amounts of copper.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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BEAUTIFUL graph!
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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