Don't put the hand brake on Rob there is a jewel in the crown,just wont be Mt Coffin at this time,following from xstrata Structural constraints drive decline in existing production and restrict copper growth Existing production confronted with supply challenges ? Declining grades and other production pressures ? More than 90 mines set to shut down by the end of the decade New supply growth continues to under deliver ? Projects in increasingly difficult regions ? More than 14Mt of potential supply growth over the next six years has been deferred http://www.xstrata.com/content/assets/pdf/x_speech_201009221.en.pdf Things look good for copper ,waiting is not going to hurt RMG
RMG Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
