Firstly they likely won't have to till post DFS since they raise...

Firstly they likely won't have to till post DFS since they raise so much and would have had to release more equity at lower price if they hadn't. One of the reasons they could do that is because the Cu price was on the charge and the reason people bought big.

After the 2011 bust, I said to a very experienced guest director in a lecture. Since people got burned so badly they would never invest again. He said - Don't believe that people are driven by the desire and opportunity to make mone . He's right you can see.

What we have got that will drive the Cu price higher is that the majors Glencore, BHP Tragiafura etc are not building new mines till they are sure they get that $ 5.50 - $ 6.00 Cu price.

The problem we have and the challenge is not to think in straight lines. People like Warren Buffet and Peter Lynch, even, all the way, back to JP Morgan & the original Roithchild have said that numerous times. It works on the whole market and is supercharged due to the extra volatlilty in Commodities. The key is buying in gloom or buying straw hats in winter. to quote Rothschild. Buy when theres blood in the streets, - even if it's your own blood.*

(Of course, he didn't tell people his messenger hard hurried back from France and tipped him off that the loss of a battle would cause a market crash it's howhe started the Rothschild fortune). That's where your point of the advantage of size comes in. Probably the old saw about Jewish sagacity too.

All IMVHO.
PS Austin Healey made that point yesterday by quoting his actions and he's of the Ilk of Balthasar).