Lengming, whilst commodity prices are absolutely important with resource companies for obvious reasons, IMO if HIG (and Xtrata of course) announces a large inferred resource for Frieda River that should outweigh any negative sentiment that copper may have in the short term. I should also have you note that copper price has risen far above most analysts estimates in the past 6 months, so that even if there was a slight pullback it would not have a profound impact on the joint venture aggressively continuing on with the work at Frieda River.
HIG Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held
