Makor Resources enters Zambia with $30M copper investment plan
- •It reminds me a bit of some of the Canadian juniors that went into South America years ago and really paid off for those who got in early.
- •It'll be interesting to see how they plan to scale up from there, and what kind of timelines they're looking at for production.
- •My portfolio is already a bit heavy on tech, so I've been trying to find good entry points into materials that aren't purely speculative.
Hey everyone,
Just read this article about Makor Resources dropping $30M into copper projects in Zambia: https://www.mining.com/makor-resources-enters-zambia-with-30m-copper-investment-plan/. This immediately caught my eye because I've been looking at diversifying a bit more into base metals given the whole EV transition and infrastructure push globally. Makor's apparently scooped up assets in Kasempa, Mkushi, Mumbwa, Kitwe and Ndol – that's a pretty spread out portfolio across some known copper regions. Thinking back to when I first got into mining stocks, early movers in these sorts of emerging markets often see serious long-term gains, assuming the political climate stays stable and commodity prices hold up. It reminds me a bit of some of the Canadian juniors that went into South America years ago and really paid off for those who got in early.
My first thought is, $30M isn't a huge amount in the grand scheme of things for a major mining operation, but for an initial entry and exploration phase, it could be substantial. It'll be interesting to see how they plan to scale up from there, and what kind of timelines they're looking at for production. I’ve personally seen companies burn through that much just on feasibility studies, but Makor seems to be focusing on developing a portfolio, not just one project. My portfolio is already a bit heavy on tech, so I've been trying to find good entry points into materials that aren't purely speculative. Copper definitely fits that bill for long-term growth for my retirement account.
What are your thoughts on this move? Anyone here have experience investing in companies operating in Zambia, or have any insights on Makor Resources specifically? I'm always keen to hear different perspectives before I dive deep into the due diligence. Let me know what you guys think!