Copper Stronger

The LME copper price is $6631.50US which converts to $8462.49AUD
The long term outlook by all the forecasters support demand ongoing. A small capital start up would
still be profitable at those prices if it kicked off now. Gold reasonable and Iron ore reasonable not forgetting that the processes of Iron Ore will bring it up to 63% which attracts an additional premium. Sooner or later and hopefully much sooner REX will have to make a move . At those prices they would be able to service a debt and run at a reasonable profit. Once the landowners and the Community can see that REX is doing the right thing and covering all environmental issues to their satisfaction they would be given the go a head at last .
Not sure if the Rex management have someone in mind for construction or if they have acquired additional land around its proposed boarders and how far the Modified Feasability Study is near to completion . I think the new man at Rex will get these matters resolved quickly and set the wheels in motion . The current trading in the shares seems to be a good sign of strength at the moment .