I agree with Gocu and would also like to hold DML for at least 10 years.
We seem to have quickly forgotten all the predictions like: "....in the next 25 years, the world will need to produce as much copper as has been produced in the history of humanity."
and statements like: "At the present time, copper deposits are considered potentially profitable if they are located sufficiently close to the surface and they contain at least 0.3-0.5% of copper."
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The very fact that DML ,with its "world-class grades", is struggling to get the mine up & running profitably just proves that it is not that easy to start a new copper mine Which means that world supply will not increase that easily either, while demand continues to increase - its no wonder the Chinese are so keen to get their hands on DML !!
The other way I look at it is that the very most the SP can drop is 20c but can increase 60c, 80c, $1 maybe even more. I am therefore changing my sentiment from hold to buy.
DML Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
