With Cu price heading the right way we now start to see firms...

With Cu price heading the right way we now start to see firms like JP Morgan starting to pay attention to OZL.

Copper turning to gold

The OZ Minerals Limited (ASX: OZL) share price is one example with the copper miner jumping 2.8% to $11.27 at the time of writing.JP Morgan’s move to upgrade OZ Minerals to “overweight” from “neutral” probably had something to do with the stock’s outperformance.The broker admitted that it was too conservative in ascribing value to the miner’s Carrapateena block cave project.But as it turns out, the capital expenditure for the project isn’t as high as originally feared, while ore grades and mine life of the block cave is also better than expected.JP Morgan’s 12-month price target on OZ Minerals is $12.80 a share.

This was done on 1/7/2020 so might partially explain the 3.38% rise. I think OZL can put Brazil on the "backburner" for now and just concentrate on Prominent Hill, Carrapateena & West Musgrave.

Andrew Cole & the team are doing a great job

Onwards and Upward !

Colin