Thanks Joyce002 for this great post, I share your views totally re copper prices and have posted a number of articles confirming this view including the Credit Suisse copper price upgrade a few days ago.
Just to clarify a few of your points, the actual LME Copper warehouse inventory is down to 109625 Tonnes which is less than 2 days global supply and also to remember that nearly all analysts were predicting a hefty surplus of copper in 2007 and 2008 when it actually turned out to be in deficit last year. Most of these analysts are now readjusting there forecasts to show a likely deficit again this year.
Tamaya are moving ahead big time in my view and I believe it is only a matter of time before the market re-rates them accordingly. In the meantime take advantage of the extremely low SP.
TMR Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
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