Speaker 1The following podcast is brought to you by Copper Giant. Enjoy. This is the Commodity Culture Podcast, where we interview prominent investors, fund managers, analysts, and company CEOs to give you an edge when it comes to investing in the commodity space. Hello, everybody. Welcome into Commodity Culture. My name is Jesse Day. Today is August 24, 2026, and my guest is the CEO of Copper Giant, a company focused on advancing its high-quality Makoa copper project in Colombia. We're going to talk about the macro when it comes to the copper space. We're going to dive into the company. Ian Harris, great to have you back on the program.
Speaker 2It is so much nicer when you're not saying what's going to happen, but it actually happened since your last interview. So it's a good time. It's a good feeling.
Speaker 1Absolutely. And speaking of our last conversation, that was back in June. Since then, copper hitting a new all-time high once again at the start of this month. Looks like we're knocking on the door of $7 copper. It's a very exciting time. What are your thoughts on this recent price action and the trajectory of the copper market for the remainder of this year and beyond?
Speaker 2Yeah, I mean, we've been seeing this story for a long time, and now it's kind of playing out. I mean, there is no doubt in my mind that copper is going to get over $7. It's only a question. When I think it's going to get way higher than $7, right? But even I was surprised by the price action recently in copper. It's not because I don't believe it really needs to get a lot higher to incentivize new production, but how it's showing such strength. And it's not because I don't believe in copper. I just don't believe the traders have a long-term vision, right? They have a tendency to look at short-term fundamentals. But I guess the really important thing is that copper is not really low inventories. I mean, I remember, I think probably last time in June, I was probably answering, why is everybody talking about these gigantic inventories? And I said, they're only like 14 days, right? So even if they're historically high, but it's like the toilet paper moment, everybody's just hoarding and come home, you know, just what three months later, it's at a down, down, extremely low inventories. So, uh, there's obviously the concern of us tariffs. And so people are trying to, but you know, it's, it's one of those that hasn't played completely out because people don't know what's going to happen. What decision is the president going to make on how this, so it's kind of like only half in on the, on the, on the tariff side, you're seeing extremely low, uh, inventories in, in, in China. You're seeing now it's not just spot, but it's actually negative where melters are paying minds. Um, we have a lot of paying minds to, to process their concentrate. We do see a lot of disruptions. You see the El Nino effects in Chile, the et cetera, et cetera. Um, but you know, those are short term. So it shocks me that people are like, no, it's all going to be okay. Right. That people are actually acting like they're a little, uh, a little concerned now in a broader perspective, I see lots of concern, especially from governments, right from the U S government, from others, the types of conversations that, uh, that we have shows that people are really concerned about security. curing long-term supply chains. Because early in the conversations, it was sort of like, yeah, we're going to need some more copper. We'll just pay more money for it, right? Okay, there'll be higher prices. And then they're like, wait a second, where does this all come from? We don't have the smelting capacity, and then China's not going to give it to us. Oh, no. Well, even if we have the smelting capacity, there's no projects, right? And that learning process, I mean, we have to understand that the majority of governments and large companies, they don't understand this side of the business, and they don't understand the conclusion that we've come to a long time ago. Problem in copper is not a production problem. It's a deposit problem, right? So while there's short and medium-term little levers that you can pull, people are already pulling all those kind of levers, right? They're stockpiling, they're doing all these other things to try to, what is it called, brace for impact, right? But it's still happening, and there's no deposits, right? There have been some discoveries. The brownfields have been played out to stretch. You cannot take blood out of a turnip, I think is the kind of U.S. expression, right? They've done that for the last few decades. They just, you can't do it anymore, right? So you need new projects, and then they're like, well, it takes 14 years just to go to permit one, right? And then to discover one to permit is 20 years. We have a big, Houston, we have a big problem. So I'm just shocked. I'm shocked that it's playing out this early, right? Normally people, you know, they, you know, they're the three monkeys. They want to hear no evil, see no evil, and they're just worried about the short term. But it's really playing out now, right? I, you know, there might be, might have the guy over this market might think that copper's a little over the skis, or might be a slight correction. But, you know, these long-term, the trajectory in copper is so bullish. And we just look back in history, right? When the last run, when China was doing all this development, copper, what I like about copper is it's just a juggernaut. It just isn't these hot spikes. It's, it, three years in a row, it increased 50% every single year. Just went along. And I think overall, you know, it was like a 200% increase during that time period. So I wouldn't expect it to act similar, right? But that was just China. Today, it's the world. The world is still electrifying. We still have a mountain of people moving from poverty into the middle class. We have an aging infrastructure in the United States. We have a whole move towards cleaner energies and electric vehicles. That is a double whammy. Not only do you have to produce more energy, you also have to transmit more energy, and then you have to store it in something, right? And then on top of it is the data set of race, right? It is, and it's a race. So there might be protest. And then what I kind of enjoy is, oh, look how much fun it is to permit that stuff, right? You know, that people are realizing. And I think that's the reason why United States is now talking, you know, it's going to be really tough to do this in our, and in the United States, right? We've built up a quagmire of bureaucracy and also of, of nimbyism that makes, makes this development very difficult. So it's a complex problem. And I think French or, and for the United States is obviously one of the, is one of the obvious replies.
Speaker 1And just how constrained do you see the supply side being at present? You mentioned Chile having some weather issues. They've cut their 2026 output forecast down around 2.6% to approximately 5.27 million tons. Operational setbacks, declining grades, weather disruptions, all playing a role here. Would love to get your thoughts there. And when it comes to the discovery of new copper deposits, I mean, how many exploration teams are out there, boots on the ground, trying to find new copper deposits? And I think that's a big question. And for those who are maybe unfamiliar, how long does that take once discovery occurs to then actually bring that into a fully producing mine?
Speaker 2I'm going to try to divide that into a couple sections, right? So the first is I look at the forecasters and they're still very short-term focused and they're like, the problem in Chile is temporary. The problem in Zambia is temporary. The problem in Indonesia is temporary. The problem in the Congo is temporary, right? You know, in Panama might get all sorted out, right? So they're still only looking just a little bit out, right? And so I'm a lot more conservative on the supply side because of simple math. You're at historical high prices in copper and you still have not seen any sort of response on the supply side. It's been the opposite, right? We've had less supply since having historical copper prices. That might be an exaggeration actually, but at least it's flat. Where it needed to grow, I think is probably the deficit has grown, right? During that same time period. You see Antamina going through a billion dollar expansion to produce 70,000 more tons a year. 70,000 tons, right? It is nowhere close. And then if you look the other side, the big mining companies, which do not believe the myth that the mining industry is trying to figure out how to solve this problem, right? They're not going to be able to solve this problem. They're not going to incentivize to solve this problem. They're incentivized to maximize profit. And there's no better way than having really, really high copper prices, right? So they're not around to figure out how to solve the problem. They're trying to figure out what's the best way to take advantage of that problem with the minimum amount of risk. So, and then you look to solve this problem, you need like $250 billion of investment into the copper space. That's just the build, by the way, not the discovery side. And that money is not even available, right? So it's just daunting. That's one half the equation that I think will play out in the medium to long term. So the next question is how many companies are out there actually actively searching and discovering? I think there's definitely more companies that are now focused on the exploration side, right? But it's still an extremely short list. I got a comparable to our company, Copper Giant, from BMO recently, and I was shocked how short the list is. Like, it is really short, right? I mean, it's like looking for a silver company short, right? So it's going to take way more. And it's not just a question of copper price. It's the how strong are the equity markets, right? So don't compute. That's where the access to capital. If there's access to capital and equity markets still haven't really responded, either look at the COP-J or look at the COP-X over the last year to date, they're up 10% or something. It might be a little higher. It might be exaggerated. But they really haven't responded to incentivize people to start a junior copper exploration company, right? And then you say, okay, the next part, what's the chances of even finding these? Now, the status quo is to get anybody interested, you need a billion ton deposit, a billion tons, right? There's very few of those that are near surface, extremely few that are not already in the hands of a major. There's just not that many of them. But that's the size that you need to actually put a dent into the balance sheet of the majors, right? That's kind of like the first shot box. And they want bigger, right? Because they don't want to run a 20-year mine. They want a 40 to 60-year mine. And then you look, well, you know, those are really big. So you probably can find them somewhat easily. I'm probably oversimplifying the problem that geologists have at near surface. And then you say, where do they produce? They produce in these subduction zones to kind of know where they are. Run in the Andes. We know where they are in the United States. They're in through Canada. You know, there's some in Eastern Europe. And then you go, why haven't there been any big discoveries in Chile that produces currently 30% of the world's copper? Because it's been found, right? The big ones have been found near surface. So you think about the areas on the planet. This was really Mark Gibson, who is one of our directors and worked for Friedland for 15 years as kind of his chief geophysicist. He goes, there's very few places on the planet that have. Yeah. Yeah. Yeah. Yeah. The jurisdiction that have the endowment that we already haven't already looked. And Columbia is one. And maybe like, oh, and I'm already always get these backwards, you know, Kazakhstan, Kazakhstan, one of the stands begins with. I can't remember which one. Right. There's there's some active exploration there that just have not for whatever reason. And we kind of know the reasons why nobody was actually out there kind of exploring. So I have very low hopes that we're going to make some huge discovery that's going to be near for service. So that means deeper and what is deeper mean deeper means much longer timelines to develop. You look at the the project in Poland, I think to get the shaft down is nine years. Look at resolution in the United States. I think it takes ten years once you start construction to see the first pound of copper come out of it. And that is just this construction period. So you're adding from the discovery permitting and now you have these extremely long construction timelines. And so, yeah, that is sort of like putting the. A big square peg through a round hole. It's not going to fit. There's no way it's going to fit, even if, yeah, you know, when this AI model pops, right, the equity market might pop. But the the transcendental necessity of nations and and and companies to be first and foremost in the AI race will not stop. Right. So and we just don't have enough of it. So even if you play it down a little bit. It slows down a little bit. The you're not going to avoid the problem. There's going to be a train wreck. And I think that nations are waking up to this without a doubt.
Speaker 1Another threat I wanted to pull on was your mention about the aging infrastructure when it comes to the electricity grid in the United States. I mean, as we sit here today, I believe it looks like tens of thousands of residents in northwest Indiana are without power. It's been that way for nearly two weeks after a storm hit the area, which I cannot imagine. I don't know how much of that has to. Do with the way the grid is set up there. But there's also a lot of energy experts who have pointed out that there's a lot of risks right now when it comes to the the grid in the United States due to this aging infrastructure, as you mentioned. What is it going to take to turn that around? How much copper is required to make that happen? And what's your overall view on the grid right now in the US and just how dire this problem is? You know, I mean, one, I'm going to try to explain it.
Speaker 2Let's pretend we have a car. Right. And four. Twenty five years. We only needed to go fifty five miles per hour. Right. And the car, we bought it and they said, don't worry, this thing can go fifty five miles per hour for fifteen years. Right. And, you know, this we changed the tire, we changed the belt. We lost some compression on our cylinders. We, you know, we use seal tighter or whatever into our oil and we just kind of announced twenty five years later. And so it's already ten years past. And then the next thing I go, we've got to go a hundred miles per hour. What do you do? Right. You know, or that first little pothole you hit, which is, you know, Indiana, you hit and and and oh, man, the motor, we lost a piston like it becomes major problems because we've been putting patches on everything else. And now you need to go a hundred miles per hour. So it's it's the compounding effect. We have a very old infrastructure and I don't quote me on those numbers, but I know it's. Some are close that it's, you know, like something designed for fifteen years and we ran it for twenty five or was designed for thirty and we ran it for forty. But it's way past its due date. The overall infrastructure. Now we're asking more of it. We're messing more for it. So it's not just the copper that goes into that, that data center, for example. It's you now need to generate more power. We want to do that from clean energy, which requires even more copper. You have to trans. Distribute it, which requires more copper. So it's like a triple effect. You need to fix the old infrastructure. You need to grow the infrastructure. And on top of it, the end user, whether it's electric vehicle or it's a data center or whatever, is requiring more copper. Right. And and so far it's sort of like I call it the wolf closest to the fire syndrome. You know, you hear wolves everywhere, but, you know, you've got a certain amount of light around the fire and you only grab the gun and you shoot the wolf closest to the fire. You're not worried about. The pack of 20 that are coming, there's still a kilometer away. You just shoot whatever's closest to the fire. And right now, even people don't even realize the problem because they're still putting out fires or like we got a data center. Okay. We finally got the permit to build it. We build it. Okay. And we don't have powers. The citizens are complaining because their power rates are, we need to now put in more power. Now we need, you know, they're just going down the line. Right. And, and I think, uh, I've oversimplified how easy it is to solve the problem, which I believe. Great. It's the opportunity for us, right. Is. Is we've been seeing it from the start of the, the, uh, the production chain where they're seeing the end of the production chain. So that somebody sort of like you're in your, your, your garden and you're like, what the hell happened to the water? And you start looking down the tube. Right. And then finally it's, oh, you take that not out. You say, can you patch that hole there? And then finally you go back to the tube and you go, the problem is there's no water coming out of the faucet. Right. And it's going to take time to go all the way back to the faucet to find the root cause. And, you know, in many. Of the minerals, the problem is not the deposits. It's the problem is getting them into production quicker than the demand, but in copper, there's no deposits. Like it is, uh, I saw a great graph by Freeland that showed, I think, aluminum, iron and copper and like the different properties it had. And the one thing that really stood out in copper is it's scarcity, right? It's, it's, it's just not as common in the earth's crust as a lot of other elements, um, but it's the third most used, uh, metal on. The planet. And when you think about the new economy going from, you know, where is it going? It's going to, it's a digital world, right? It's our economies are more and more every single day. They, uh, are digitally dependent, right? And that is where the growth is going to come from. Um, and that growth requires copper and it's very hard to replace, right? There's. There's chief substitutes that are, that cause a lot of problems like resistance and corrosion or all sorts of stuff. And they're super less efficient or the other is silver. Right. Which costs today. What is it? $75 an ounce, or I think it's better than that right now. Right. It's it's so even $6 copper a pound is nothing compared to $75 an ounce, right? So, um, while there's going to be developments, production chains are built on old systems.
Speaker 1It's not going to play out. Well, Silver's knocking on the door of $70. Uh, but w I'm guessing it's going to be $75 in short order, uh, as many people watching this show are also going to have to go back to so many. Yes. Yeah, exactly. Um, what if we take you? So the bearish argument here is, well, the AI mania is a bubble. Anyways, these companies, companies are trying to build out data centers, but they're not bringing in nearly enough profits to justify the cost. None of this makes sense. They're doing these weird circular financings where they're lending money to another company to then buy their chips, et cetera. We know all about some of this, you know, you can't call it fraud directly, but it certainly looks shady. Um, and let's. Say the data center build out, stop that whole thing grinds to a halt. We also have a global recession, which many people are calling for, which, uh, kills demand over the, at least in the, in the immediate short term. In that scenario, is there any risk to the copper bear, uh, bull thesis, or is the supply side so constrained at this point that it, that, that, that will overwhelm everything in your view?
Speaker 2Well, it's, it's a very interesting question and I'm going. To share my opinion and my opinion is the whole is so big, it doesn't matter, but I'm also going to say that. copper is going to be very resilient in that process. And let me explain why I have that thought process. First, I believe that AI is a bubble too. I do. The equity market is in a bubble. But if you look back at the internet race, right, you have the dot-com bubble. What was the result of the dot-com bubble as you ended up with Google, Amazon, a bunch of new companies that survived it and they were right. They were right that it was a land grab. It was about the number of users. You got Facebook and also the survivors that came out of it are now multi-billion dollar companies that survived through that process. Okay. But you could also argue they really didn't provide very much, right? They maybe saved us time. They made things more efficient. They introduced a whole new set of things that we didn't know we needed, like social media, et cetera, et cetera. Right. Now, all those companies knew that history. And now you look at AI and AI one day and some, I can't wait to see all the different posts on your, your comments saying, I'm, I'm crazy. They're not showing any productivity or any of these kinds of things, but it is transcendental, right? Whoever has the best and fastest computer is going to win, right? With one major difference is it is going to be the backbone of the future economy without a doubt. There is no doubt in my mind, right? It will be the future of the future of the future economy. Okay. And based on that, these guys have the treasure chests. They've already built the treasure chest. Even if the market collapses, they already have the money on top of it. You have even dumber money, which is government money going. We need this. And why do they need this? Let's also go through this scenario where the world of collapses and we go and not collapses. That's probably extreme because then we should buy a bean, buying shotguns and, uh, and a bulletproof vest and stuff and, uh, but you know what I'm saying? When it goes into a world recession, everything starts slowing down. Why? Because we're not all this debt. It's sitting on top of us. We can't get out of the way of it. What is the only way that you can really get out of it, right? It's through inflation and growth. And what is the only real lever that you have to grow is through more digitalization, going even faster into a digital world, having the fastest computer that could figure out how to solve all these problems and make this. The only way you can do it is you've got to grow faster, right? Same as the impact of robotics that we had in productivity in the United States and factories, right? They near, they're going to need to push the pedal to the metal to get out of that problem. And they're going to be willing to spend on, right? They're going to, even if they have to spend more money, they're going to hopefully spend it on the solution, right? It's only going to push. The only way you can do it is you've got to grow faster than your debt load is growing. And the only way they have really to grow is to grow is through embracing, you know, the digitalization of the world's economies. So in that case, which still requires copper, right? I don't see a scenario where even if it's, you know, there's some sort of short-term correction, it's only going to make the problem worse, right? Because we need more investment. We need a higher copper price to incentivize more exploration and more development because these projects take so long. So if you're making decisions and you're being impacted by six-month decisions, the 20-year impact is going to be a lot more expensive. It's going to get worse, right? It's going to take 20 years to solve this problem, right? It's going to take at least that amount of time, whether it's a total train wreck or it's kind of like that race of those guys who run down the hill chasing the cheese, where they're just kind of like falling and stumbling and moving and hoping that you break as minimum amount of bones as possible. It's still going to be a race down that hill. It's without a doubt, without a doubt in my head, right? Because the end part of the part I know, the deposits aren't there and we're not going to find them. Right. We're definitely not going to find ones that are near surface and upscale that make a big enough impact. I think we will continue and hopefully, hopefully find deeper ones. But those obviously just make the problem a longer to solve.
Speaker 1Well, talk to us about how Copper Giant fits into this whole scenario. There's a lot of exciting news that's been coming out of the company since we last talked. You've had a strategic financing led by Denarius Metals. You've got a long-term offtake agreement with Trafigura. You've got a drill results that came out of Makoa at the end of last month, a PEA anticipated. Why don't you walk us through what has you most excited at Copper Giant and your plans to help address this shortfall that we've been talking about?
Speaker 2I'm not going to address it. That's a joke, right? But I'm going to take advantage of it, right? And that's the whole thought process behind it. And one of my most wonderful victories of all time was taking. Precious metal, gold lover of Frank Giustra and turning him into saying, well, they're like brothers. You love them both, right? For different reasons, right? They're like children, right? So he is now extremely bullish on copper. And that started that he also got it. He goes, wait a second, the world needs a lot more copper. We need really big stuff. Looking around, I haven't really found anything. Anyone who could find one of these that is near surface is going to be in a perfect position. Believed in it. Early, got behind it, became the biggest shareholder of it. And I think that's now playing out. We said, we need to find a really big deposit that was overlooked because people probably thought it was drilled out in one of the few jurisdictions that hasn't been explored heavily for copper because Columbia has been dealing with its own internal problems over the last 20 years. And it's transformed itself beautifully over that time period. It's now ready with this new president. That started at the beginning of this month in August. It says, this is our potential. This is our time now. And we also said, well, myself, Ernie Mass, Mark Gibson, we've actually built these, seen these things get built. So we started putting in a lot of the groundwork very early, working very closely with the community, getting them a part of the process, making them, it's their project to building that trust, working on a national reputation, even as an exploration. Doing a lot of the things that people wait normally until you're at a construction decision to do. Because our goal was we want to build a mine. So last November, we came out with our resource. We passed that billion tons. It's still open in all directions. It's still the first deposit around it. And these porphyries have a tendency to be clusters. And we haven't, you know, really haven't tested out some of these additional targets that we have around the project. And we're still only working around 6,000 hectares. And we have 130,000 hectares that we're still, you know, looking to explore. But we said, based on the experience of how Cobra Panama got built, and definitely how Mirador got built, these happen in political windows, these happen when there is need joins opportunity, where it's happening right now, right? Where you had it in Colombia. And sorry, in Ecuador, the oil prices went down. You had a president who goes, man, I'm loaded with debt. I got to pay. I wanted all these social programs. And Mirador and Fruta de Norte got built. Or very similar in Panama. We need to continue to grow. What the heck are we going to do? There was the political will, and it got built. So we knew that in July, there'd be elections, and we would have a new president. In Colombia, we wanted to be ready for that. We wanted to then be ready to hit the pedal to the metal. And, you know, we got the best news possible. We have an extremely pro-mining president who is not just rhetoric. He has come out of the door in the first, you know, less than 20 days, like 15 days of his administration. He's put in amazing ministers. He's put presidents into the best in the agencies that are about executing. You're already seeing things getting done in the ground. Great news. If anybody hasn't been paying attention, they should be looking at already the things that are getting done, that are pushing mining forward. We're getting all sort of meeting requests to come in and speak. What do you need to do? What do we need to do? What have, you know, like already looking at how we can get things to move faster. And obviously to move things faster, you need the ability to spend, right? So we did a big $31 million financing on our normal spend. Today, I just looked, I think we're sitting at $47 million in the bank right now. That is like two years of our normal runway, but it gives us, the ability to say, go, right? We need all that. We cannot, we're now, now a critical path company, right? We focus on what's the critical path and hammer away on the critical path. On top of it, we had Trafigura come in, which was huge, right? For Trafigura to come in on an offtake agreement on a project that doesn't even have a PEA. What is it telling you? One of, I think the second largest metals trader in the world going, A, we can do this. B, we can do this. C, we can do this. I think that Columbia is going to be a place that's going to explode because it has infrastructure. It's close to the United States. It's got the endowment. It's underexplored. This is a place we want to get a foothold in here, right? But number two, where the heck, where else are we going to get new supplies from? We're, what are we going to do, right? So they came in early, which I think also helped to, to bring a lot of eyeballs to say, if Trafigura thinks that maybe they're right, or maybe they, one plus one plus one is three. And they're like, what am I doing wrong? Why is their market capital so low still. What am I doing? Nope. Trafagora just came in. I knew I was right, right? It really turned and I really appreciate our existing shareholders, but I've always seen their comments. They've been believers for a long time. And so for them too, just like me, it's like finally it's being recognized. So we have everything that we need to actually take a project that's going to be finishing a PEA before the end of the year and probably put it to the front of the pack on what actually can produce new copper in a near term, right? That will make a massive difference because we have this window and I think people will start seeing and believing and understanding. A, it's we have the experience. Two, you have the political will, but the advantage of a near surface deposit with a high grade core and infrastructure in place makes this doable in a very short period of time and relative, right? A relative short period of time. And so I think that that is. You know, we're getting more and more believers.
Speaker 1And yeah, you mentioned that it's starting to become more recognized. So the question becomes, you know, when we look at the COPX ETF, it's up around 30% this year versus 16% for copper itself. So a nice little outperformance there, but for Copper Giant, you're up 135% year to date. The stock has gone ballistic recently. So I have to pose the question after such a tremendous run, is Copper Giant's valuation perhaps getting a little. I mean, is it getting a little stretched here? Or do you still think this is a good entry point in the company?
Speaker 2I am obviously extremely excited. Not about what we've already done, which I'm very proud of, right? It's sort of. And it was actually a relief. It's like, okay, I wasn't crazy. This is, you know, this. It did. It made sense, right? Like, it was pretty simple, the thesis, but it's actually playing out, right? But then you look, the reason I'm so excited is the value proposition that I have now between. A, I have the money to do it, right? But two is, how much do I need to spend to create huge amount of value through a process that is just de-risking? And the greatest one is, one is a perceived risk, which was previously our valuation is Columbia itself. And having. Being able to. This president, I strongly believe, is going to continue to demonstrate to market that Columbia is the place that you want to invest, right? I've believed it in a while, and we've been able to accomplish that. And so I'm really excited about that. Over the last two years, the people go, what? When you were in Columbia, how did you do all that stuff, right? How were you able to draw all this time? How were you able to get to these agreements with the community and the First Nations and continue to grow? What? Because, you know, it's a really good place to work, right? And now we have. The market is going to be correcting. At the same time that as you go from a PEA to getting towards a construction decision, you know, your value is a PNAV at your price versus your value is a PNAV at your price. Your NPV. And that starts to close, right? And now imagine where I can say, I can do that in three years. Those are big jumps in your valuation on a little spend. So I would say it's pretty simple. Look at us compared to every other billion-ton near-surface porphyry. You can even compare us to the ones that are deep underground. And look at our valuation per pound in the ground or when our PEA comes out, our price versus our NPV. And say, do you think we're properly valued today or we still have a long ways to go, right? And I really think it's just the tip of the iceberg. We're at our market cap today. We are nowhere close to where we should be and our potential of where we're going to be. My short answer, you're not too late. And even in the copper space, don't worry. We got at least 20 years to really become an expert on this stuff because this is going to play out over an extreme amount of time. And I think it's going to play out over an extreme amount of time. Well, Ian, fantastic conversation.
Speaker 1I'm going to put links below to the Copper Giant website as well as social media for people who want to follow along with the company. As always, fantastic conversation. Thank you for shedding so much light on the copper sector and Copper Giant as well.
Speaker 2Let's just talk one day just about copper. I have no problem, right? I really enjoy watching it play out. And then I think, honestly, so many eyeballs are on the trade side that are looking more and more at copper. And I think, honestly, so many eyeballs are on the trade side that are looking more and more at copper. And I think, honestly, so many eyeballs are on the short term. And there's very few, maybe Robert Freeland is definitely one of them. But there's few others really talking about this other side of things, which I really is, is such a huge
Speaker 1opportunity. Commodity Culture is a podcast that covers investing in commodities and natural resources. If you'd like to hear more, be sure to subscribe so you were always alerted of the Thank you.
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