AVM advance metals limited
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copper up again, page-3

  1. Stone Pony
    1,419 Posts.
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    10/05/06
    09:31
    Post #: 1551256
    Phelps Dodge sees no end soon to high copper price

    http://asia.reuters.com/business/newsArticle.aspx?type=ousiv&storyID=2006-05-09T221743Z_01_N09342887_RTRIDST_0_BUSINESSPRO-MINERALS-PHELPSDODGE-DC.XML

    Phelps Dodge not interested in hedging at the mo either. Following on from comments made by BHP and others about supply etc, we are in for a sustained period of high Cu prices imho. Even if Cu fell back to 2.50 lb (a fall of nearly 30% from here) AVM will still be making cash hand-over-fist. AVM's got to go off soon - surely...
    AVM Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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