Arras Minerals Ready for Blue Skies
Updated
Arras Minerals is a mineral exploration company working in Kazakhstan with large swaths of licensed acreage in a proven copper-gold porphyry setting. Arras Minerals is backed by Teck who owns approximately 10% of shares. Arras is currently drilling this summer and will begin reporting their assays towards the end of summer and in fall.
As both copper and gold (and silver and other metals) continue their price climbs, and global demand continues to increase, high grade copper-gold assets in favorable jurisdictions will be highly sought after (as Teck makes obvious through their interest in Arras).
Taking a look at the chart, Arras has yet to have any kind of serious price run, and currently has a market cap of approximately 15M USD. Nearby mines are producing ~11B worth of copper annually, for reference.
This is one of those explorers with good management and confidence from big industry players. This could easily run 5-10x in the short-term, and go much higher long-term.
As both copper and gold (and silver and other metals) continue their price climbs, and global demand continues to increase, high grade copper-gold assets in favorable jurisdictions will be highly sought after (as Teck makes obvious through their interest in Arras).
Taking a look at the chart, Arras has yet to have any kind of serious price run, and currently has a market cap of approximately 15M USD. Nearby mines are producing ~11B worth of copper annually, for reference.
This is one of those explorers with good management and confidence from big industry players. This could easily run 5-10x in the short-term, and go much higher long-term.
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