please stop oxr moving up, page-4

Hiya,

I don't think OXR is moving up on any fundamentals, its just that the big end of town is playing with it, which is fine, its a good trade.

But at present, it seems that its skimming off the top layer of mineral deposits which are highly mineralized at low cost, but the problem arises when they have to start the real mining which is more expensive.

In regard to copper backlogs, BHP/RIO can easily add some more in the inventories if required. OXR needs to give them now if there is a shortage, its not ready yet is it?

Anyway, you can believe whatever you like, but in a year I think we'll all know....