Copper price on a bit of a run, page-17

The Copper market has been more or less in balance throughout much of 2016, but China's One Belt-One Road strategy, the severe copper deficits predicted from 2018 and now the prospect of more infrastructure spending and looser monetary policies in the US give a lot of credence to what people like Tony Manini (look him up, Rio/Oxiana/Oz Minerals/Asiamet) have been positioning for, knowing the supply/demand fundamentals inside out. Copper is up 20% (yes, really) in the last month!

Copper-based plays like MOD, with huge holdings in prospective areas, a significant defined resource of decent grade copper and outstanding metallurgy results, the strong likelihood of huge resource upgrades near-term from T3 East and West, and coming on-stream 2018/2019 just as the copper deficit really bites seem almost uniquely placed. Medium term holders will do very well here imho - tho we will surely become a takeover target before too long.