The folks that attended the Vancouver MIF during the weekend (Conferences & Webinars | Metals Investor Forum) were very bullish on copper, silver and gold going forward. Most of the key MIF organizers (e.g., Eric Coffin, Gwen Preston, Jeff Clark, David Morgan, Greg McCoach, Jordan Roy-Byrne, etc.) were very optimistic about the next leg of the metals market. It seems that many think copper is heading up towards the USD10/lb and silver to USD 50/oz and gold to USD 3,000-5,000. They also agree that the demand for this metals will keep increasing as the application of AI gains steam around the world.

Greg McCoach also mentioned in his talk that most of the majors are very busy looking for good porphyry deposits in good mining jurisdiction. He acknowledged that finding a good porphyry deposit is much harder than finding a gold deposit, and that to get one develop takes a lot of time. 

In Copper Fox corporate presentation in Slide 10 on Schaft Creek Economics they are highlighting copper price at (all in USD) $3.25, gold at $1,500/oz and Moly at $10/lb. As of today copper is at $4.55, gold at $2335 and Moly at $31.3.

Funny thing, nobody at the MIF ‘knew’ about CUU, or wanted to talk about it when asked, go figure.