copper, page-28

The banks by messing things up have created a powerful long term opportunity. Find the producers that will be around after things get better - can't say PNA with certainty - but if PNA can not make it throgh with low production costs - then very very few will.

With so many projects closed down and more importantly the end to most projects entailing exploration, expect to see copper break out to new highs one day. Not sure when that will be, but with most copper projects taking 3-5years to bring online, this is only going to make the longer term picture more difficult. There is no real substitute for copper - people talk about plastic etc - however remember that hybrid cars use twice as much copper, and what about future energy projects for the exploding population down the track that use so much copper? The banks have made a real mess that some will benefit from.