One of the biggest problems in copper isn’t demand.
It’s time.
New copper mines now take roughly 17 years on average to move from discovery to production. Meanwhile forecasts still project copper demand rising from \~28M tonnes today to more than 42M tonnes by 2040.
That’s why supply deficits near 10M tonnes are becoming a serious discussion.
The world needs new discoveries NOW because the supply pipeline can’t react quickly later.
That’s why junior explorers matter more during copper cycles than many investors realize.
NovаRed’s (NRED / NREDF) Wilmac project in BC is starting to attract attention because of both scale and geology:
* 16,078 hectare district-scale footprint
* 160 km² total area
* Recent North Lamont copper-gold-moly anomalies
* Porphyry-style geological signatures
* Multiple anomalous zones remaining open
Recent results included:
* 1,068 ppm copper
* 0.44 g/t gold
* 7.5 g/t silver
* 36.5 ppm molybdenum
Interesting side stat:
Around 77 million Americans own land, but most probably have little understanding of what minerals may exist underneath it.
As copper shortages build globally, understanding geology and land scale may become increasingly valuable.