Money of Mine 16 Copper Takeover Targets to Follow (Tom Woolrych)
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Dec 13, 2024 Tom Woolrych, a geo-alpha wiz and expert on undeveloped copper projects, shares his insights on 16 intriguing copper takeover targets. He discusses recent significant transactions in the sector and highlights the potential of companies like Marimaca and Alderbaran. The conversation covers the complexities of financing in mining, the resurgence of distressed assets, and emerging opportunities in Australia and South America. Wolrych emphasizes the importance of geological insights and innovative practices in navigating the evolving copper landscape.
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Copper's Painful Past
- Tom Woolrych, a geologist, highlights the pain of copper trading over the past decade.
- He remains passionate about copper despite its challenging history.
Key Project Qualities
- High grades, long mine life (e.g., 50 years), and substantial contained copper are key for undeveloped copper projects.
- ASX-listed copper companies often lack quality; many South American explorers prefer TSX.
NGEx and Filo
- NGEx Minerals, a Lundin family venture, made a significant discovery near the Filo deposit.
- Its proximity to Filo suggests potential for development alongside the existing mine.