Last time I looked, copper was still one of the best conductors of electricity.
Most of the copper originally in the ground at DML is still there.
Favourable hedging is still in place until March 2015.
Demand is still good and the price of copper is high.
China is still upgrading their infrastructure and building new homes like there is no tomorrow, they are also converting foreign currency reserves into stockpiles of copper and other metals.
India & Brazil's copper consumption has risen dramatically and is predicted to continue rising.
CF is still very keen to get control of DML along with its long term supply of valuable copper & silver
As I see things, the only thing that has changed since the $1.70 offer is the lower SP - at precisely the time that the mine is on the verge of becoming cash-flow positive....
....makes you think - doesn't it?
DML Price at posting:
34.0¢ Sentiment: Hold Disclosure: Held
