Well the copaper industry only earns it's cost of capital at 3.5...

Well the copaper industry only earns it's cost of capital at 3.5 bucks a pound so to expect prices to remain around this level for any amount of time is naive

Grade decline in all the big mines and no tier 1 discoveries besides ivanhoes kakula in the Congo ensure a very bullish thesis for the metal

Appreciate your doomsday scenarios
What if copper goes to 4 bucks ?
5 bucks?
8 bucks?

The scarcity of the metal at economic grades are going put a fire under the cu price. No large scale development ovér the last 5 years.

2 bucks is in the rear view mirror.