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Nevada Copper Project Launches 10,000-Foot Core Program Backed by Refined Geological Model

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Copper Market Signals and Supply Considerations

On February 24, Leede Financial stated that copper equity pricing was reflecting an implied copper value of US$6.48 per pound, which it described as a record level. The firm noted that this represented an average premium of 12% compared with the spot price of US$5.78 per pound.

According to Leede, the premium had risen from 7% earlier in the month and from 3% at the start of the year. The firm also pointed out that while the current premium remained below the three-year average of 19%, it was modestly above the long-term average of 10% observed since 2018.

John Newell concluded that the company “remains a Speculative Buy.”

In a February 27 article in Ahead of the Herd, Morgan Sherburne covered findings from research conducted by a University of Michigan geologist focused on long-term copper supply. The study indicated that future supply constraints were tied to pricing dynamics and regulatory frameworks. It concluded that “the price of copper must at least double in order to spur the development of new copper mines to meet the world’s growing demand for the metal.” The researchers further stated that meeting baseline copper demand would require both higher pricing levels and adjustments to permitting systems to facilitate new mine development.

Also on February 27, Shad Marquitz of Excelsior Prosperity commented on broader metals market movements. He wrote that “copper, like gold, is making new all-time highs on the weekly chart,” and described copper as “an important critical mineral, energy metal, and it often occurs in gold and silver deposits getting mined right along with the PMs.” Marquitz added that, despite the price action, market sentiment toward the sector had remained restrained. He wrote that “one would expect there to be more cheers… considering the price breakouts,” and characterized the broader environment as “a quiet stealth rally” that had drawn limited mainstream attention.


Source: https://www.streetwisereports.com/article/2026/03/03/nevada-copper-project-launches-10-000-foot-core-program-backed-by-refined-geological-model.html



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