With what is percieved by some to be a low price for copper being possibly lower than what makes it worth to mine the low grade stuff most new mines are involved in. This is possibly resulting in a lot of new mines being held up for example Olympic Dam. I don't know what is happening in Mongolia.
Labour costs will be significently lower for CDU's construction phase. This will show up in the production costs per pound of copper.
It is possible that if the world sorts out its problems and economies move quicker than anticipated CDU's golden period (digging up the treasure chest) may happen in a time period before big projects like Olympic Dam and other projects now put on hold get back into production.
I saw some projections yesterday of prices, problem is doing projections now is very difficult. Economies have a habit of getting back into gear faster than some expect. This is not one country in the poo it is a fair bit of the world.
CDU Price at posting:
$4.52 Sentiment: Buy Disclosure: Held
