thanks HT - and i'll fall into line with your analysis of the...

thanks HT - and i'll fall into line with your analysis of the risk involved

at some future point in time RXM may become an absolute bargain - in the same way that SFR and Carrapateena have become - but agree that as far as near term development is concerned munda wins hands down compared to either C or RXM

my particular bent would be to grab as much copper in the ground as you can at the cheapest price possible - at some point in time copper will probably experience supply shortages which should push the price to new highs. but that needs to be balanced against a whole raft of other issues and my analysis of those issues is nowhere near up to scratch

a little off the beaten track - copper denominated in $AUD peaked in 2006 at ~$AUD5.20 currently it's probably a little under $AUD4.00. denominated in $US copper peaked at ~$US4.60 early this year and is currently down ~10% on that figure. no need to panic because keeping C1 costs down due in large part to rising gold credits still make OZL and PNA very attractive propositions