Will be interesting to see how this affects the OZL share price.
I think that the SP will retrace a little in the short term as copper falls back. however to compensate for this in the medium to longer term is
1) The cash in the bank
2) PH low cost of production
3) Market sentiment turning around with new CEO and board
4) Very large upside
5) Viewed as debt free and low risk
I think HorseTrader did some analysis of PH that showed PH to be worth a SP of 75- 90cents when copper is around $2.00. Throw in 30 cents per share for cash in bank and you get a share price over $1.
These are just my thoughts and I suggest evryone do their own analysis, however i believe any retracement represents a great opportunity to buy.
Good luck to all. More interesting (but positive) days ahead I think
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