This comment from a recent Huntleys recommendation re OXR and copper in general:
'An interesting observation is that every US 1 cent per pound increase in the copper price should roughly equate to a 1 cent per share valuation change in Oxiana's share price. The current copper price of approximately US 95 cents per pound is our long term copper price assumption and the figure we use for valuation purposes.'
Post rights this should be adjusted to 0.8cps but agree fundamentals are looking good for both AVL and others.
