Copper Bottomed - Big Promise Meets Reality of Bad Practices for Juniors

Recording date: 26th October 2023Copper Bottomed, Episode 3.This week's copper exploration news highlights both positive results and poor reporting practices. Doubleview Gold reported strong copper and scandium grades but misleadingly used copper equivalents, violating disclosure rules. American Eagle Gold also reported copper equivalents despite promising 900m of 0.5% copper. Kodiak Copper reported more copper at its MPD project but persists with questionable copper equivalents.On the positive side, Galantas Gold properly reported 1.87 g/t gold, 1.17% copper and 1.2% zinc over 34m at its Omagh project without resorting to equivalents. However, slow progress with just 5 holes drilled in 10 months explains the stagnant share price. Excelsior Mining is being funded by BHP's Newmont to explore the Johnson Camp copper project, with good grades like 7% copper over 130m. This offers non-dilutive funding while Gunnison remains problematic.American Pacific Mining reported an excellent 1.78% copper and 13.73% zinc over 23.4m but the share price has languished despite multiple project acquisitions. Ownership structure and plans for the Palmer project are unclear. Finally, Decade Resources reported promising copper hits and increased volume and share price traction, with mineralization outlining over 200m. However, reporting copper equivalents was unhelpful and cross-sections would aid understanding.Overall, some promising results but poor reporting practices persist, confusing investors. Juniors need to focus on transparency, accelerating work programs, and clarifying ownership structures and financing plans to build market confidence. Adhering to disclosure rules and reporting standalone grades without questionable equivalents would also help. Promising projects need time and careful execution to prove themselves.—Learn more: https://cruxinvestor.com/commodities/copperSign up for Crux Investor: https://cruxinvestor.com