Vale eyes 20% growth in reserves, resources by 2027

• •It's not just about what they're doing now, but the confidence they have in future supply for a commodity that's only going to get more crucial.
• •My grandkids will likely live in a world where copper is even more valuable than it is today!
• •It makes me wonder how much of this growth is driven by new discoveries versus optimizing existing operations.

Hey everyone, just read this interesting piece about Vale's plans to boost reserves & resources by 20% by 2027: https://www.mining.com/vale-eyes-20-growth-in-reserves-resources-by-2027/

My first thought, given how much focus is on electrification and the demand for copper, is that this is a pretty solid long-term play. I've been eyeing mining stocks for a while now, slowly building up some positions in my retirement fund, and the steady increase in reserves really speaks to future production capacity. The article mentions their total copper reserves and resources specifically jumped 6% last year alone to 53 million tonnes, which is a pretty significant bump. It's not just about what they're doing now, but the confidence they have in future supply for a commodity that's only going to get more crucial. My grandkids will likely live in a world where copper is even more valuable than it is today!

It makes me wonder how much of this growth is driven by new discoveries versus optimizing existing operations. For me, that's the key difference when evaluating these kinds of announcements. New finds are always exciting, but sometimes the most efficient growth comes from squeezing more out of what you already have. I'm especially keen to hear if anyone here has deeper insights into Vale's exploration efforts or has been following their operational improvements. What are your thoughts on this? Does this make you more or less bullish on their stock or the broader mining sector?