Crown Mining Corp (CVE:CWM) (OTCMKTS:CWMZF) (FRA:C73) CEO Stephen Dunn shares his thoughts on the undervalued mining sector and its impact on the company’s stock price. Dunn explains that for the last 6 to 12 months, there has been a copper deficit as the world consumes more copper than it produces for items such as batteries. Unfortunately, with poor prices in the precious metal sector, new projects are not occurring as the industry needs to hit at least $3.50 to justify building new copper mines. There is no short-term solution to the copper deficit as mines take 5 to 7 years to build. Crown Mining owns a historic copper mine in northeast California with at least 2 billion pounds of copper and will be ready to begin production once prices increase.
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