I have the feeling that next week or even today after closing we might see an announcement.
Copper and zinc going strong. You remember those guys that a few months ago were the opinion that we might see substantial lower commodities prices because of China and other reasons? Well...I guess they were all wrong.
By the way: Cash cost at Perkoa around US$ 1500 per ton. That means that a raise from 1800 to 1900 US$ = 100 % per ton more profit or + 33 %. Quite a bit of leverage in this story. Some people are of the opinion that zinc might reacht 2600 US$/ton in 2014 and raise further in 2015-16 if supply should diminish (closing of different larger mining operations). Well...thats nice, isn't it?
....and obviously with regard to Kitumba better copper price forecasts would support any kind of mid/long term view for the project.
Somehow I have the feeling that the pressure in the pot here slowly but surely is increasing. Would not be completely surprised to see another + 100% day in the next 2 weeks.
Just my gut feeling.
BTR Price at posting:
47.5¢ Sentiment: LT Buy Disclosure: Held
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