Re: newcrest buys 20 million oz gold copper mine in BC
red chris is in production so it is not an in situ deposit. There is the cost of a 30,000 tpd mill involved and a working facility.. That kind of mill could easily exceed 50% of the purchase price.
Copper should skyrocket when the trade del with china is signed... not as much as zinc. Hey both zinc and copper prices have alredy risen pretty well in what the last 10 days...
Nobody is factoring in the increasing copper demand in america. Trump has kick started some serious economic activity.... And there is an infrastructure program on deck.... the electrical grid is in need of refurbishment and replacement....