The Electric Vehicle (EV) revolution, fueled by the pursuit for a greener planet, is expected to impact the supply chain of multiple commodities. The most sought-after EV-related commodities are copper, nickel, cobalt, lithium, and graphite.
Its flagship Escalones porphyry-skarn copper-gold project (Chile) holds a large copper oxide resource. A PEA is expected shortly.
WCU is trading at just 5% of the combined AT-NPV8% of its projects, using US$3/lb copper. Our analysts believe that WCU’s recent PEA puts them in a strong position to attract JV/financing partners.
We believe low inventory levels, inflation, and global supply chain disruptions will support near-term copper prices.