From memory BHP was $8 - $9 way back in 2002 ish. Copper was 1/3 then what it is now, and china wasnt on the radar. Copper pundits got excited if US home building looked like going up a percent or two, for a flow on effect of a couple of percent in the copper price. Rio was around, and Xstrata. But I struggle to recall any others of significance. OXR must have been a micro-cap.
$12 is quite possible if china goes back to being a land of rice paddies. They have been encouraging supply like no tomorrow the past few years.
Not gunna happen.
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