FND management are ticking all the boxes, their timing has been...

FND management are ticking all the boxes, their timing has been impeccable with a lower cost environment to build a mine, getting funds approved just before the copper price tanked. Lower oil price, lower priced contracts for nearly everything.

Then they hedge 40K tons of copper at $6 a ton just before the price tanked again now down close to $5 a ton. They have even timed the weather to progress the most weather sensitive part of the development being the earth moving.

There now appears to be an off the fence accumulator on the buy side, it is all in the timing so I expect by the time they have raked in the $240m from the hedge book sales the copper price will take off.