"Kintavar Exploration is a Canadian mineral exploration Corporation engaged in the acquisition, assessment, exploration and development of gold and base metal mineral properties. It’s flagship project is the Mitchi property (approx. 30,000 hectares, 100% owned) located west of the Mitchinamecus reservoir, 100 km north of the town of Mont-Laurier. The property covers an area of more than 300 km2 accessible by a network of logging and gravel roads with a hydro-electric power substation located 14 km to the east. The property is located in the north-western portion of the central metasedimentary belt of the Grenville geological province. Many gold, copper, silver and/or manganese mineralized showings have been identified to date, with many characteristics suggesting of a sediment-hosted stratiform copper type mineralization (SSC) in the Eastern portion of the property and Iron Oxide Copper Gold (IOCG) and skarn type mineralization in the Western portion. Osisko holds a 2% NSR on 27 claims of the southern portion of the Mitchi property, outside of the sedimentary basin."
"That’s not to say copper and the other base metals couldn’t tumble further in price. China’s full economic recovery is going to take time. Citi, for example, expects “economic stagnation” in the first quarter, “some improvement” in the second and a “much stronger” second half prompted by stimulus. The country’s internal metal dynamics have been massively disrupted and short-term stresses are clear. Producers have largely managed to keep operating over the last month even while many downstream manufacturers have remained closed. This has led to ballooning inventories of metal and calls for government help. Physical supply-chain dislocation could yet bite copper if China’s import flows are redirected towards LME warehouses, even if briefly. Citi analysts think copper could lurch lower to $5,200 over the next couple of months before a China-led recovery picks up steam in the second half of the year. That’s a relatively benign bear forecast relative to what’s just happened to the oil price and stock markets. Each of those had its own specific drivers. China is copper’s driver right now, and the good “Doctor” seems to be hopeful about the country’s recovery prospects."
Learn more about our copper discovery at the Mitchi with our CEO Kiril Mugerman and Small Cap Power. Thanks Mark Bunting and Small Cap Power!
"Right now the copper market is suffering a little due to the coronavirus and trade wars but we expect these to be temporary phenomena. All it means is a delay on the inevitable copper surge that is coming – when trade impediments are solved and the coronavirus is contained, hopefully eradicated, expect copper prices to burst higher like releasing a coiled spring."