World metal exchanges have only about 10 days
supply of CU in their bins, so a lot of
the nervousness is misplaced.
The demand for CU has increased recently and is increasing
by more than 7% pa. China is buying Cu mines
relentlessly.
The debt problems of the US and Euro will reduce
speculation, and some mining investments.
Not such a bad situation for aspiring deposits.
The geology of this deposit suggests a rich open cut;
and a possible large porphyry elephant down under.
Looking to next results; Time will tell.
Cheers,
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