Goldman Sachs calls copper bull run
The timing of CLA getting into copper cannot be better. Acquisition was first announced back in early September, meaning they must have been working on the MCB deal quite some time before that, when the copper price was nothing to write home about. Was it blind luck or they saw this copper bull-run coming, who knows? I personally think it was blind luck, but that doesn't mean I don't like it.
If the JORC drops not too long from now (how good will the resource be? It can't be half-bad.... people do not spend AUD14mil and 7-odd years looking at a duster!), it would put us in the best position to ride the wave of this bull-run... IE. right at the start of it!
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