I had the pleasure today of attending a presentation on Strait Minerals Inc.(formerly Strait Gold Inc.) which is listed on the TSXV under the symbol SRD. Strait Minerals is a mineral exploration company (copper, gold, silver, moly) with 4 properties in Peru. Below is a copy of said presentation – the straight goods – on their plans for the development of each over the coming years and their financial situation and arrangements.
Strait Minerals’ Alicia (copper/gold) site is located in Peru’s emerging copper belt south of Cusco among properties owned by the likes of Xstrata, First Quantum, HudBay, Southern Copper and Panoro. Teck Resources has a minor equity investment in Alicia currently with an option agreement to increase their ownership to 45%, 65% or 75% depending on the amount of money spent on the development of the resource over specific time periods.
For details on the Alicia project and those of the 3 other properties see their presentation here.
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In this infographic we explore why copper prices have increased by 4x over the course of 10 years.
Copper is one of the most widely used metals on the planet, and has been for more than 10,000 years. Today, it’s the nervous system of our society – of our cities, homes, tools and toys. The simple truth is that the western lifestyle is completely dependent on copper. Here’s why as depicted in the infographic below.
Gold and silver continue to receive the lion’s share of press headlines and investment writers’ attention. [While] our team believes this theme will continue, there are other assets which benefit from a weak dollar, especially if a weak dollar is combined with some decent economic activity. [One such asset] is copper, a base metal that, like gold and silver, [that will] appreciate with inflation and has tremendous potential for increased demand given the theme of 2012 – economic growth. [Let me explain in some detail why we think that is the case.] Words: 1150
Natural resources are the building blocks of the world, essential to progress and prosperity. These commodities, like all investments, can have wide price fluctuations over time. The interactive table provided shows the ebb and flow of commodity prices over the past decade and illustrates the principle of mean reversion—the concept that returns eventually move back towards their mean or average. [Take a look.]
About two years ago, I looked through a BHP Billiton presentation which listed the number of years remaining for particular commodities. It was not an analysis of “peak” commodities as such, just a report on when various commodities would be completely, 100% depleted based on current usage rates and reserve assumptions. Copper in that report was determined to be scarcer than oil! [What does that mean for the future well-being of the U.S. – and the world?] Words: 1380
I am convinced that we are still relatively early in a secular commodity bull market. In fact, with the modernization of Chindia and numerous other less-developed nations, I expect this bull market will be one for the record books. Fundamental demand coupled with inflation will push resource prices to unimaginable heights. Words: 805