copper spikes

Copper has had a good run over the last few days; up 2% last night. Various reasons given including recovery signs in US, lower than expected manu growth in China (this means govt less likely to tighten) and fears of supply shortage due to Nth Qld cyclone (yep, saw that in Sydney papers today).

Should not have had much impact directly on MGO SP, but I suspect that perceived supply shortages does make people look as to where the future supply will come from.

MGO looks a very likely investment proposition on this basis alone.