I meant to say during the week. You know how you said NWC is one big call option on the Cu price. Something it took me ages to learn being a metallurgist was it's not the beauty of the recovery process that moves the SP most. Nor even the mine you have with grade. What my geology lecturer was trying to tell me is it's the commodity price. First and foremost. Which is why these days I say 'A rising tide lifts all boats'.
In some regards my formal training worked against me focusing on the most important factor. I've got the message now and you can see NWC start to respond. Obviously a long way to go but it's that very big call option you talked about.
The reason I've been so busy was arranging some of my counters where I felt mispricing occoured (some had run hard and others not yet) as fund managers reacted. I was bloody micro-managing as usual. Unlike the situation with NWC where it's such an obvious call. What's more when others start looking for the laggards guess what/who they're going to find.
Becasue as you fundamental call on liquidity shows. The tide is rising.
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