Tom welcomes a new guest to the show President and CEO of Solaris Resources, Daniel Earle. Daniel's background is in mining engineering from the Lassonde Mineral Engineering Program at the University of Toronto. In addition, he has worked in several areas, including banking, commodity forecasting, and financial analysis. To subscribe to our newsletter and get notified of new shows, please visit http://palisadesradio.ca What attracted him to Solaris was the large likely, economically viable deposit. In addition, copper is in the first part of a healthy new price cycle. This cycle's copper performance could be much bigger than previous cycles. This is due to long-term trends like green energy that continue to intensify. Past market cycles were dominated by mega mines that could expand to bring on additional supply. However, most of these mines are rapidly running out of resources, and most have declining grades. Numerous new mines will need to be built because the old mines are played out. Peak copper production should occur around the middle of this decade, and demand is expected to grow. As a result, he expects the gap between supply and demand to widen dramatically by the end of the decade. China will increasingly dominate the copper market, and today their demand represents half of the world's copper supply. Moreover, their policies around electrification of everything and reducing emissions will only increase their needs for the metal. Chile has around 28% of the world's copper supply, and we see a dramatic shift leftwards in their political system. The predicted next president has a communist background, and this political move has severe risks for projects in this region. Most projects will be likely be shelved or halted by mining companies. Similar political moves toward socialism are occurring in Peru, which produces 10% of global copper. In contrast, Ecuador has opened up its country to mining and sees considerable economic benefits from that shift. Daniel discusses their flagship project and credits its discovery to David Lowell. David was at the center of the Solaris story, and two-thirds of worldwide copper discoveries resulted from his porphyry model. Timestamp References: 0:00 - Introduction 0:37 - Daniel's Background 4:03 - Why Solaris & Copper? 7:28 - Supply/Demand Picture 10:20 - Peak Copper When? 11:26 - Copper Cycle Length 14:26 - Copper Substitutes? 16:35 - China Dominance 20:46 - China Metal Reserves 22:30 - Strategic Importance 24:45 - Jurisdiction & Risk 29:27 - Ecuador & Mining 34:36 - ESG & Mining 36:56 - David Lowell 41:04 - Augusta Group 43:17 - Concluding Thoughts Talking Points From This Episode - Daniel's background and experience in the mining sector. - Copper supply and demand, electrification, and jurisdictional risk. - Demand and future growth from China for copper and electrification. - David Lowell's porphyry theories, copper discoveries, and philanthropy. Guest Links: Twitter: https://twitter.com/DanielEarle3 Website: https://www.solarisresources.com/ Daniel Earle is President & CEO of Solaris Resources and Director of the Augusta Group. He has over 17 years of experience in the mining sector and capital markets, covering projects ranging from early-stage exploration through feasibility and engineering to production. Before joining Solaris in November 2019, he was a Vice President and Director at TD Securities, where he covered the mining sector for over 12 years and established himself as a thought leader in the space. Prior to joining TD Securities in 2007, Mr. Earle was a senior executive with several Canadian and U.S. public mineral exploration and mining companies. Mr. Earle sits on the Board of Directors of Augusta Gold Corp. and is a graduate and scholar of the Lassonde Mineral Engineering Program at the University of Toronto. #DanielEarle #Copper #Mining #Juniors #China #EV #Jurisdiction #Chile #Peru #Ecuador #Geology

Tom welcomes a new guest to the show President and CEO of Solaris Resources, Daniel Earle. Daniel's background is in mining engineering from the Lassonde Mineral Engineering Program at the University of Toronto. In addition, he has worked in several areas, including banking, commodity forecasting, and financial analysis. To subscribe to our newsletter and get notified of new shows, please visit http://palisadesradio.ca What attracted him to Solaris was the large likely, economically viable deposit. In addition, copper is in the first part of a healthy new price cycle. This cycle's copper performance could be much bigger than previous cycles. This is due to long-term trends like green energy that continue to intensify. Past market cycles were dominated by mega mines that could expand to bring on additional supply. However, most of these mines are rapidly running out of resources, and most have declining grades. Numerous new mines will need to be built because the old mines are played out. Peak copper production should occur around the middle of this decade, and demand is expected to grow. As a result, he expects the gap between supply and demand to widen dramatically by the end of the decade. China will increasingly dominate the copper market, and today their demand represents half of the world's copper supply. Moreover, their policies around electrification of everything and reducing emissions will only increase their needs for the metal. Chile has around 28% of the world's copper supply, and we see a dramatic shift leftwards in their political system. The predicted next president has a communist background, and this political move has severe risks for projects in this region. Most projects will be likely be shelved or halted by mining companies. Similar political moves toward socialism are occurring in Peru, which produces 10% of global copper. In contrast, Ecuador has opened up its country to mining and sees considerable economic benefits from that shift. Daniel discusses their flagship project and credits its discovery to David Lowell. David was at the center of the Solaris story, and two-thirds of worldwide copper discoveries resulted from his porphyry model. Timestamp References: 0:00 - Introduction 0:37 - Daniel's Background 4:03 - Why Solaris & Copper? 7:28 - Supply/Demand Picture 10:20 - Peak Copper When? 11:26 - Copper Cycle Length 14:26 - Copper Substitutes? 16:35 - China Dominance 20:46 - China Metal Reserves 22:30 - Strategic Importance 24:45 - Jurisdiction & Risk 29:27 - Ecuador & Mining 34:36 - ESG & Mining 36:56 - David Lowell 41:04 - Augusta Group 43:17 - Concluding Thoughts Talking Points From This Episode - Daniel's background and experience in the mining sector. - Copper supply and demand, electrification, and jurisdictional risk. - Demand and future growth from China for copper and electrification. - David Lowell's porphyry theories, copper discoveries, and philanthropy. Guest Links: Twitter: https://twitter.com/DanielEarle3 Website: https://www.solarisresources.com/ Daniel Earle is President & CEO of Solaris Resources and Director of the Augusta Group. He has over 17 years of experience in the mining sector and capital markets, covering projects ranging from early-stage exploration through feasibility and engineering to production. Before joining Solaris in November 2019, he was a Vice President and Director at TD Securities, where he covered the mining sector for over 12 years and established himself as a thought leader in the space. Prior to joining TD Securities in 2007, Mr. Earle was a senior executive with several Canadian and U.S. public mineral exploration and mining companies. Mr. Earle sits on the Board of Directors of Augusta Gold Corp. and is a graduate and scholar of the Lassonde Mineral Engineering Program at the University of Toronto. #DanielEarle #Copper #Mining #Juniors #China #EV #Jurisdiction #Chile #Peru #Ecuador #Geology

In this clip, me & @Deep Value Co revisit the copper thesis. DV told me that he thinks higher prices for copper could happen, but are likely not needed and therefore not sustainable. He told me that $5 copper could happen, but it likely won't stay there for too long. In the full interview, we covered different copper stocks, DV's copper portfolio (or lack thereof) and his plans for purchasing copper stocks, as also the time line on all of that. You can watch the full interview for free over here: https://www.baby-investments.com/interviews So, I started this podcast by giving a very quick overview where I mentioned that "Fitch Solutions", according to mining.com, forecasts 13% CAGR for copper demand, over the next decade. While, during the last decade, we have seen rather few copper mines get built. Therefore, copper will likely find itself in a supply deficit. Deep Value Co told me that he is bullish on the copper thesis but is not so bullish on copper prices, and while he expects the fundamentals of the copper market to make for a high-price environment for copper over a rather long period of time, he doesn't expect the price to stay above $5 for too long, as productions costs across the board are much lower than that. Even if we go into low double-digit inflation over the next few years, this might push production costs for copper higher, but according to DV, this still doesn't warrant a copper price of above $5. I completely missed the copper bull run. First of all, I started looking at copper a bit too late, but even then I could've entered and booked some profits, but I didn't as I thought copper price was already rather higher (this was below $4). I am not yet invested in copper neither in my demo nor in my real portfolio, aside from the little exposure I might be having through some of my gold plays. I will not be entering the copper market soon because I find that there currently are better/cheaper opportunities like uranium, gold & silver. I see more upside in the prices of those commodities, than I see in copper and DV seems to agree with me because in the full interview, he told me that his preference goes as follows: 1. Uranium 2. Gold 3. Silver 4. Oil 5. Copper Of course, you should know that both me and DV are relatively young and don't have too much experience. Both me & him missed on the copper bull, so if you decided to listen to us, this will likely be a mistake. TIMESTAMPS: 00:00 Important notice 00:25 How to watch full interviews for free 01:00 Quick overview of the investment thesis for copper 03:15 Deep Value Co's copper outlook 06:47 Copper supply growth 07:50 What is a sustainable price for copper? 12:22 Where will copper supply come from? 17:55 Copper production & inflation 21:45 Copper supply could be even slower than expected 24:10 How long will the copper bull run continue for? Important notice: none of this is financial advice. None of this is an invitation to make any trades. Your capital may be at risk. Consider both of us very biased as we own shares of some of the companies mentioned herein to our own name. You must always do your own analysis and take your own decisions. Before continuing you must read the full disclaimer at the beginning of the video.

Will the price of copper go up long term? They've already given us the answer. The next part is up to you. Long term investors only. The rest of you should avoid this.