Thanks Shorters, great post. RRS has an article this morning on...

Thanks Shorters, great post. RRS has an article this morning on BHP's tilt at Anglo - for it's copper.
https://resourcesrisingstars.com.au/bhps-anglo-american-aspirations-reveal-full-extent-of-its-copper-conviction/It talks about porphyry's as being 60% of global copper production.

Excerpt:

There a half a dozen or so ASX-listed juniors in the porphyry space. The most advanced of them is Caravel (ASX:CVV) which is advancing its namesake 3.03Mt copper project in WA’s wheatbelt as a likely 65,000/t a year producer over a mine life of more than 25 years.

A feasibility study is due for completion in the fourth quarter this year on the project with a view to getting into production in 2026/27 when the company, in line with BHP, reckons the copper deficit will begin to bite.

Best to wait for the FS. But it is notable that earlier work suggests that despite a grade of 0.24%, the project would sing at copper prices north of $US4/lb.

While we are waiting for the Kaiser update, it is worth noting that Boda/Kaiser resource currently stands at 1.5m tonnes of copper.

The economics look like they can only get better going forwards to me.