Yes,because BHP's costly to operate Olympic Damn Mine may well be 'Mothballed' due to Mr Rudd and Mr Swan's new Tax.
The L.M.E. Copper price could possibly go to $5.00 + per lb., with Olympic Damn 'mothballed'.
All this puts RCP in a terrific position by keeping the 'powder Dry' here and in the meantime MZI could be putting cash into the SRE 'hat' which could untimately help RCP. Yep I like many others am loosing badly here because the Market can not see past its own Nose.
By waiting, RCP will make a lot more profit here than originally anticipated. Please read To day's Announcement re based on PRESENT figures there is a possible $180,000,000 NET Profit here (much more by waiting for just approx. another Twelve Months) = $1.20 per Share and You can see it's no wonder that M.K.invested approx. $6,000,000 here.
Presently Copper prices are also under some because of the present problems in Greece etc.,so why be 'a Salmon and swim upstream' given the present Copper prices.
'Please put Your thinking Caps on'!
After all, that looks like what M.K.has done here.
No responsibility taken for any losses in association with this posting.
Regards,
moly
Yes,because BHP's costly to operate Olympic Damn Mine may well...
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