I am a LT believer in this little copper play and just want to point out that all commodity driven stocks are getting hit for six at the minute irrespective of where they are in the development cycle. Below is a graph representing AVB (Yellow - Not yet in development) BTR (Dark Blue - Close to Development/Producing) and PNA (Light Blue - Currently in Producing)
As you can see Mr. Market does not discriminate between either...AVB has held up Ok in comparison.
Look at other upstarts like SLR they have been smashed of late.
My point is no one is immune to Mr Market, but I assume as always sentiment will turn, it is the nature of the beast. Copper is a great metal to be in LT as shortages are more than likely to occur rather than IO and others.
So if you can stomach it and believe the story buy...if not dont...DYOR!
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