Mined copper grades are predicted to fall in the coming years.
This is the perfect storm for companies like Metal Tiger as the Joint venture prospect with MOD has high copper grades.
Lower operating costs and competitors being less efficient, should translate into greater profits for the MOD/MTR mine when production commences.
MTR/ MOD T3 mine will also be open pit making the opex costs low compared with the underground mines due to come on line in the coming years.
Asiamet Resources will have costs of $6500/t, this being in the bottom quartile when compared with its competitors. Cupric the adjacent mining operation to T3 will have costs of $6460/t. With T3 grades being higher than the Cupric mine the T3 costs are likely to be significantly less making the MOD/MTR mine vey competitive.
It is easy to see why major players in the industry are showing an interest in Metal Tiger and its Botswana T3 prospect.