I think that is a smart view AC, a new producer up and running just ...what is it 28 odd km's down the road from Vale's Sossego, that alone should perhaps give pause for thought on what copper lurks in these parts, love it that they have established a basecamp
.
Anyway you must know markets can take on a life of their own and it would be very good to look at where things are in 12 months. I do think that buying now is good value, I am buying and expect to pick up more over the next couple of months. This should tell you that it is somewhere I want to put my cu money, with what I do see as a high degree of confidence, I guess that also comes from a buy price in the 5's and 6's, but it's free for anyone to buy at these prices if they wanted to, so let none complain that a 5 or 6 was not possible.
I hope you exit with a nice profit, I will be here much longer than you, or then again you may reconsider
your move at some later stage, I would almost have a punt on that!
Cheers.
Phil.
As always dyor.
