Far East Capital Newsletter
Caravel Minerals: Looking for leverage on a higher copper price
21 Nov 2020

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Caravel Minerals: Looking for leverage on a higher copper price

We have been aware of Caravel Minerals (CVV) for some time but have been somewhat dismissive due to the low grade of 0.28% Cu. However, we must not forget that this low grade makes it highly levered to the copper price, and that commodity’s recent strength brings this observation into greater focus. If you are a copper bull then there could be room for a stock like this in your portfolio.

We took the time on Tuesday to have a presentation from Caravel to see what else the Company offers apart from leverage, and to consider how economic its large tonnage, low grade project in WA might be. 

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