By Wojciech Gryc on June 24, 2024
We used Emerging Trajectories research agents to score copper mining companies against a framework for financial risk, mining risk, geopolitical risk, management, and potential for 10x returns. This post discusses the framework we're using and provides investment scores for a number of copper mining companies.
Our framework, outlined in detail here, focuses on five major risk areas for mining companies:
Note that each score is defined on a scale from 1 to 5, with 1 being the best score and 5 being the worst. As such, a "1" in 10x Potential means the company has a very high chance of returning 10x. A "4" on "Geopolitical Risk" means the company is worse than those companies with a score of 1 through 3.
Our goal isn't to recommend specific companies, but to use our research agents and LLMs to help clarify which companies might be good investment targets for different types of investors. A high-risk investor might pick a company with higher potential for a 10x return, while someone looking to reduce risk might focus on low financial risk scores, good pipeline of projects, and experienced management teams.
Below is a summary of our analysis. Each company comes with a deep dive link where you can read the score justification for each risk score.
| Company Name | Deep Dive | Financial Risk | Management | Mining Projects | Geopolitical Risk | 10x Return Potential |
|---|---|---|---|---|---|---|
| Freeport-McMoRan | Read | 3 | 1 | 1 | 2 | 5 |
| American Eagle Gold | Read | 3 | 2 | 3 | 1 | 3 |
| Ivanhoe Mines | Read | 1 | 1 | 3 | 4 | 3 |
| First Quantum Minerals | Read | 2 | 1 | 3 | 4 | 3 |
| Torq Resources | Read | 5 | 2 | 2 | 3 | 4 |
| Sandfire Resources America | Read | 3 | 2 | 3 | 3 | 3 |
| Taseko Mines | Read | 1 | 1 | 2 | 2 | 2 |
| IAMGOLD | Read | 3 | 2 | 2 | 3 | 3 |
| Copper 360 | Read | 3 | 2 | 3 | 3 | 3 |
Please contact us if you have requests for similar frameworks, want access to more company deep dives, or want a product walkthrough.