We have been tracking CopperBank (CSE-CBK) for a while have been following their drill results closely. We like them because they are giving us investors exactly what we want, steady and impressive results at a low operating cost.
I am not going to bore you with research reports on all the forecasts for copper demand in the future. A picture is worth a thousand words and here is that picture:
Essentially, demand for copper is going to increase in the future, as the world adopts new technologies such as electric cars and other electronic components (which are in high demand for the booming blockchain / crypto mining industry)
On the other end of the spectrum, there has been a decrease in the supply of copper and that trend is expected to continue into the future.
As any student in ECON 101 will tell you, high demand and low supply will lead to a price increases for the copper resource going forward.
But you’re probably asking yourself, thanks professor, but why CopperBank? as they are not the only game in town.
Why we like them
- Solid management team with over 350 years experience
- Low cost of exploration versus their peers
- Spending 90% of their cash on their drill programs (show us, don’t tell us)
- In safe and low risk jurisdictions of the US (Alaska and Nevada)
- Undervalued versus their peers and have a low Market Cap ~$18M
Overview of their Alaskan (Pyramid Project) 2017 Drill program
They have released results for 6 Holes, with 5 of them having had substantial results (see below)
We are waiting along with CopperBank for the next 7 drill results and they are due any time….
We like this company at its current price of $0.11 a share and we will be buyers in the market ahead of the future drill results.