Replies to post #13665 on Wolverine Resources Corp (WOLV)

[Dobie Lama]

The outlook for copper remains very positive. That is our focus here and not the rest of the mumbo jumbo some try to dredge up from the swamp.

The price of copper still remains high at roughly $3.50 per pound, but it has retreated from its historic highs of roughly $4.50 a pound in 2011. Concerns about the global economy, particularly the fiscal distress in Greece and Italy, have pushed the price down, White says.

But copper mining companies aren’t terribly concerned with short-term swings in price, White says — their focus is on what factors will shape copper prices during the next three to five years. And the outlook for copper is good, he says.

“On a supply and demand level, we see a fundamental shortage of supply that is suffering from lack of investment. Copper needs significant infrastructure, and there are not many new projects coming online.

“There is not enough supply, and we have very strong and growing demand. We are seeing pretty good upside in the next three to five years, even with all bad economic news.

http://www.nnbw.com/ArticleRead.aspx?storyID=18596