comparison w major xstrata project, page-26

Yeah, but the first lb of copper that MNC pull out of LC is years away and no-one can tell you what that will be sold for.

He price of copper today is only a very loose indicator of what the value of MNC is today.

I prefer the concept of each lb in the ground is worth "x" and that value sort of grows the more they develop the project.

I doubt there will be any serious movement in the SP until there is a major corporate movement and I think that sort of deal will be based on the future value. It's less likely be based on today's copper price.

Cheers

Collingwood7