If the world slips into a deep recession, industrial demand for copper might drop significantly. Would the mine still be profitable with a lower price for copper?
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If the world slips into a deep recession, industrial demand for copper might drop significantly. Would the mine still be profitable with a lower price for copper?
That's the big risk for many very small nations that rely on a narow base of resources. In this case, the mine site also has significant gold deposits which could hedge against a recession.
Thanks for your comment @preparedwombat, sorry it took a while to get back to you.
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