projected ozl revenue based on todays prices, page-16

Agree with your comments on copper.

The supply side is becoming a bit of a concern

EQN is running at less than 50%
PNA has not hit its 1/2 yearly numbers
Killings at Freeport Mcmahon will not help
Escondida is having grade and equipment issues
Tenke Funkurume is the only other large scale copper mine to have come on stream and hit it's targets this year (besides OZL)

If demand does pick up, then supply could get very tight very quickly and you may see a substantial price bubble

HT1