While copper is at the heart of the green economy, producers simply are not ready.
The development phase of a new copper mine takes anywhere from 4 to 12 years. Moreover, the cost of building a new mine has risen tremendously. In 2000, the average capital intensity for new projects cost $4,000-5,000/tonne of copper. Today this figure is estimated at around $44,000/tonne.
In the case of Idaho Copper, its use of ore sorting could help the company reduce its capital cost outlay, giving the Company an edge over new copper hopefuls.
Additional benefits of Idaho Copper include:
Located in a mining friendly jurisdiction - Idaho, North America
It is a massive, highly scalable, project
Excellent fundamentals for copper, silver and molybdenum
Managed by an experienced team
Deep value vs. peers