Proofreeder, a large number of people still have this 3-4 year...

Proofreeder, a large number of people still have this 3-4 year commodity cycle mentality hence they cannot comprehend a near future in which base metal prices have dropped back a lot.

If you want to scratch your head and feel confused read some of the ABARE quarterly reports. Despite predicting rising demand and small stockpiles they cannot help themselves in predicting lower prices. Only a bit over 12 months ago they were predicting prices of 224c per pound right now. ...even with all the information about supply and demand!

Until those people shed the 3-4 year cycle concept they will continue to have expectations of falling copper (and other base metal) prices and consequently be scared off higher cost producers.

I didn't follow why TMR's costs should decrease if the price of copper decreases ...assuming tonnes of ore dug up and processed and all other things being equal?