Looks like the Chinese have started restocking their copper...

Looks like the Chinese have started restocking their copper supplies and with RBM being one of the most exciting junior copper explorers this can only draw more attention to the stock. With the next drill campaign starting shortly and with the price of copper rising strongly over the last couple of days any new discovery is send it to the races.
Remember RBM is already producing copper so any price increase is just more money in the bank for exploration.


The following was taken from bloomberg overnight

Copper Rises Most in Six Months on Chinese Demand Expectations

By Brett Foley

Feb. 22 (Bloomberg) -- Copper rose the most in more than six months in London on speculation that demand from Chinese buyers will keep expanding. Lead advanced to a record and tin reached its highest in 17 years.

Copper trading on the Shanghai Futures Exchange will resume on Feb. 26 after the weeklong Lunar New Year holiday. Chinese imports of copper and copper products jumped 44 percent in January from a year earlier, customs data showed Feb. 12. Chinese refined-copper imports in January were about 132,000 metric tons, almost double last year's average monthly imports of 69,000 tons, Macquarie Bank Ltd. said Feb. 19.

``We expect to see, post the Chinese New Year, more activity by Chinese buyers in the copper market,'' said Daniel Brebner, an analyst at UBS AG in London. ``We do expect to see considerable strength in copper over the next quarter or so.''

Copper for delivery in three months on the LME advanced $280, or 4.8 percent, to $6,070 a metric ton as of 2:21 p.m. local time. The contract earlier rose as much as 5.4 percent, the biggest intraday gain since Aug. 4. Today's gain pared this year's losses to 4.1 percent.

``The market is still expecting to see substantial restocking by the Chinese,'' said Andrew Silver, a trader with Natexis Commodity Markets Ltd., one of 11 companies trading on the floor of the London Metal Exchange.