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copper price rises sharply--$us4.4 per pd

  1. conix
    4,030 Posts.
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    06/01/11
    08:00
    Post #: 7692776
    Copper prices are rising sharply; Kitco is quoting spot buys at $US4.40 per pound.

    CDU's economic studies based on $US2.0 per pound are looking more and more conservative to the point of being fanciful. If we re-work the revenue estimates using $US4 per pound, profits rise very very significantly. Conix
    CDU Price at posting: $4.33 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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