Don't miss a single story. Get it delivered to your inbox with our daily recap on what's moving the markets.

Last week, the International Copper Study Group stated that copper demand has exceeded supply by 155,000 metric tons in the first four months of this year.

CopperBank Resources (CBK.C) controls four copper projects:

  1. Copper Creek, in Arizona
  2. The Contact Copper Project located in Elko Nevada
  3. The Pyramid project on the Alaska Peninsula.
  4. San Diego Bay, also in Alaska

At USD $2.60/lb Goldman Sachs states that the market “has not priced in the tight supply story yet.”

A further 5.5% (1.2 million tons) of copper supply disruption is anticipated in 2019.  Combined with a “relatively empty global project pipeline”, this may catalyse significantly higher copper prices.

Equity Guru’s Greg Nolan calls CopperBank “a long term call option on the price of copper”.

Gianni Kovacevic – the Director and CEO of CopperBank spoke with Equity.Guru’s Guy Bennett about the wealth-creation opportunity in “the electrification of everything” and his philosophy of “buying from pessimists and selling to optimists.”

Bennett states that “Gianni is the most deeply informed metal-CEO I’ve ever interviewed.”

Tune in.

Full disclosure: CopperBank Resources is an Equity.Guru marketing client.

Disclaimer: ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.

Lukas Kane

Lukas Kane is a Vancouver-based investor and writer.Previously the CEO of a North American investment news syndicate, Mr. Kane was also the Communication Director for a consortium of resource extraction companies.In the course of his career, he has toured copper mines on the Antagfonasto desert in Chile, potash projects in Saskatchewan, cannabis labs in California and clothing factories in Shenzhen, China. A rudimentary speaker of Mandarin, Mr. Kane’s passions are his family, writing and playing football (real football - with the spherical ball).

Leave a Reply

Be the First to Comment!

Notify of