The threshold of $15,000 USD per ton seems to be the magic number for copper prices to inventivize new mine developments as supply is not keeping up with the strong demand growth. Back in 2021, Goldman Sachs said that copper is “on a necessary path to $15,000“ and “the most probable path for copper price from here – that both avoids depletion risk and as well as a sharp surplus swing – is to trend into the mid-teens by mid-decade“. Last month, billionaire mining magnate Robert Friedland reiterated that copper prices need to double to $15,000 USD to spur new coppper supply. This month, CNBC reported on the optimistic forecasts of analysts from BMI, Bank of America and Citibank, with the latter projecting that copper prices could soar to $15,000 by next year. Such a dramatic price escalation could be akin to rocket fuel for pure-play copper exploration stocks.

 

Interra Copper Corp. is strategically positioning its shareholders with direct exposure to the anticipated copper bull market through a dynamic portfolio of copper porphyry assets in Canada‘s hot-spot regions of British Columbia, along with projects in Chile acquired from leading mining companies thanks to its well-connected management team with an impressive track-record of discovery and mine development.

 

Having raised some $1.3 million recently, the tightly structured company (currently less than 29 million shares issued) plans to advance its newly acquired Rip Project. Interra also aims to further advance technical and exploration work at its other copper porphyry asset in British Columbia, the Thane Project. Both projects are surrounded by past producing mines and successful exploration activities from the majors.