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- The King Of Mining: Copper Porphyry's 👑
The King Of Mining: Copper Porphyry's 👑
& the investors profiting from them
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What to expect (May 2)
👑 This one deposit type is dominating them all
✅ Monster Pick - High-grade results, high-grade team
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For the past year, there’s been a common denominator in the successful exploration companies - at a time when most are suffering substantial drops in market cap.
Sure, lithium was hot but it’s cooled off.
Lihtium prices have dropped… a lot
Over recent months, companies discovering porphyry style deposits have been seeing large influxes of investors (and upticks in stock price), when other juniors are seeing investors exit.
Why are companies like Hercules Silver (TSX.V:BIG) finding success with porphyry’s, are they something special?
Turns out, they are.
65% of world’s copper production comes from porphyry’s.
What are Porphyry Deposits?
Porphyry deposits are large underground rock formations that contain mineral veins, formed deep within the Earth. They’re rich in copper and often gold & molybdenum.
The process starts when hot fluids filled with minerals come into contact with underground rock. These fluids spread out and deposit metals over a wide area, creating what we call a 'porphyry', named after the texture of the rock.
If you want more detail, this video is simple and easy to understand 👇
Size
Porphyry deposits are among the largest mineral deposits in the world, often covering areas several square kilometers and extending deep into the crust.
Some deposits can measure hundreds of millions to several billion tons of ore.
Multiple Commodities
They’re ot only large but also diverse in their minerals. They include a mix of copper, gold, molybdenum, silver, lead, and zinc.
This allows companies to mine several valuable minerals from the same operation, increasing the economics and efficiency of producing mines.
Copper Focus
Copper is always the primary commodity of porphyry deposits.
These deposits contribute significantly to the global copper supply, with some of the largest mines, like the Escondida mine in Chile, producing over a million tons of copper every year.
Monster Stock Pick
Drilling at Magna Mining (TSX.V: NICU)’s Crean Hill is turning heads with some seriously impressive nickel and copper hits, and with big players already lining up, it looks like they might have the goods.
Why we like it ✅
Recent drilling results have been exceptional. The 109 Footwall Zone at the Crean Hill project in the Sudbury Basin nickel district, assayed 2.5% nickel, 9.6% copper, and 17.4 g/t of Pt+Pd+Au over 6.8 meters. They’ve barely scratched the surface (literally), and big names are already starting to take notice.
The management team has experience in the Sudbury Nasin, CEO Jason Jessup's brought the Morrison Deposit into production and he’s looking to do it again with $NICU.
An Off-Take Agreement between Magna & Vale Canada for the Crean Hill Project secured a guaranteed buyer for production. Magna’s material will be processed at Vale's Clarabelle Mill nearby.
Stock Info
Ticker Symbol: TSX.V: NICU
Price: $0.85 (as of May 2, 2024)
Market Cap: $138M
Website: https://magnamining.com/
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Producing Mines
Bingham Canyon Mine, USA: Located in Utah, the Bingham Canyon Mine, also known as the Kennecott Copper Mine, is among the oldest and most productive mines in the world.
Bingham Canyon Mine, Utah.
Chuquicamata Mine, Chile: As one of the largest open-pit copper mines in the world, Chuquicamata has been a staple in Chile’s economy, providing copper production for over a century.
Why should you care?
Well to put it simply, porphyry’s make investors money.
There’s no better example than one of our favorite stocks, Hercules Silver (TSX.V: BIG).
The silver explorer announced news of a new porphyry discovery stock skyrockets over $1.
Or how about Libero Copper & Gold Corp. (TSX-V: LBC )? They’re up over 200% YTD on a porphyry discovery.
Our monster pick back in early March, Pampa Metals Corp. (CSE: PM), is also up after annoucing positive porphyry results.
The trend is clear - investors want copper and porphyry style deposits are the primary source for it.
Identify these companies early & take your bets - copper demand is only increasing.
👋 Colton, Stock Monster.
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This newsletter is for informational purposes only and should not be considered financial advice. Always conduct your own research before making any investment decisions. All content is based on public knowledge. We have not been compensated in any way for this pick or content; we genuinely just like it. Assume that contributors to articles own or have interest in stocks they talk about, therefore may be biased, but not compensated to promote them.