Ann: Capital Raising Presentation, page-180

HI Benz,

If you look back in time and see the gradual upward trend in copper price inspired I guess by inflation and diminishing resources we are a long way short of where the price is likely to head in the next 7 years given the Carbon Neutral/ Replacing ICE transport with EV technology agenda.

Investing is all about timing. There's no doubt about that.

I read with interest that the two richest people in Australia have Iron Ore to thank for it now that the iron ore price is back up to $160/tonne

One of my worst decisions was to invest in Iron Ore Miners back in 2014 when it had dropped from $155/tonne down to $92 and all the forecasters Including the Treasury were saying it had to go back up to at least $120. I lost my shirt and belt(I was lucky to hang onto my trousers) when it went on to fall to $38. They didn't warn be that before it got back to $120 there would be carnage in the Iron ore Mining industry and Arrium would go into receivership and Atlas would dilute its shareholders down to the value of a round of drinks to pay for its losses while it struggled to survive. I might have lost a pile but at least I had enough for a drink while I was licking my wounds and trying to figure out what I had learn't.