So what's people's take on this khamsin prospect? Lower grades than Carapateena, still very deep... Many years away.
Looking at the other mid tier copper producers on the asx I am assuming not much of today's rise can be attributed to khamsin. But rather to the rise in copper prices, the Dow & maybe lme warehouse levels plateauing.
FWIW I predicted a 5-8% rise on Friday night so we have exceeded my expectations. Finally a good day! Another nice rise in copper prices and I think we will back at $5 very soon
OZL Price at posting:
$4.35 Sentiment: Buy Disclosure: Held