'hot' copper, page-7

re: copper is on unsteady legs atm. supplies incre Best thing to do with BHP is to buy lots of it, hold on to it for as long as possible. The profits that this company will make over the next 3 years will dwarf anything previously seen in Australia.

As for the short term, I expect two things will be positive for the SP.

1 - The signing of a long-term uraniam supply contract to the Chinese.

2 - The settlement of Iron Ore prices for FY07. The market has taken into account the expectation that the Iron Ore price may not move from current levels, so if they get even a 10% increase it should allow the stock to continue its upswing.

You have to keep in mind that metal prices for the up-coming reporting period have smashed records, and it is quite possible that profits will be upgraded if metal prices stay where they are for the rest of period prior to reporting.