Sentiment for copper stocks is very poor and with what MNE looks to have in the bag makes it by far the pick of the bunch IMO.
Walsh from RIO in the newspapers today states that iron ore is the no.1 ore for them but they want copper to be no.2 and they want more of it as they see it as under supplied over the next 10 years. Something like 10 Escondidas need to be discovered over this time to maintain supply. Guess where Escondida is ?
MNE Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held