VANCOUVER (miningweekly.com) – There is no better time in the commodity price cycle to get into the copper/gold space than the present, says Montana-focused project developer Broadway Gold chairperson Duane Parnham.
Speaking to Mining Weekly Online during an interview, the mining veteran pointed out that an analysis of the TSX-V suggested technical support for project developers with forthcoming copper/gold projects.
US President-elect Donald Trump’s administration could dovetail into the market emerging from the depressed commodity price cycle and provide a demand boost with major new infrastructure build programmes.
“We are coming out of the trying times since 2011, where we’ve seen multiyear [commodity price] lows. Copper usually is the leading metal coming out of a commodity bear market; the US political situation is also a potential boost for copper if the promised infrastructure buildout takes place; and if we do get the infrastructure built, it will probably have an inflationary effect on the economy, which will possibly lead to better gold prices,” he says.
This foreshadows a win-win outlook for Broadway, which in October changed its name from Carolina Capital, and heralded a focus on the Montana-based Madison gold/copper porphyry project, where it has identified a series of existing gold and copper zones that remain open for expansion.
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