Yes thank you Joyce for posting this. I always love reading about things that suggest I will make lots of money heh heh. Recently read CS upped '08-10 to $4/lb but wasn't aware how significantly it was raised from. Must have missed your post Mining, will try to seek this out as I want to read this.
'10 from $3 increased to $4 as a conservative figure? Awesome. And this means they no longer believe it is trending downward. And $5.50 '08, and possibly significantly higher? We can only dream. A net profit of $4/lb as opposed to $1.90ish... ahhh... if this happens TMR will...
...still be trending downwards no doubt @.@!!! Ha ha.
"Margins for copper producers in Chile are currently running at an astounding 75%. Mine workers, however, are finding it increasingly difficult to afford basic food and power."
If this article is accurate, +75% margins and they still treat their workers like ****. No wonder Codelco has such low costs :P
Don't let those mining fat cats push you around subcontracted Codelco workers.
STRIKE, STRIKE, STRIKE!!!
please look at this report, page-4
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