My thinking on OXR is that at some time this year the mighty OX is going to go thru a massive uptick...this will be driven by the prospect of revenues from copper in Q1 2005...plant is being commission in Q4 2004.
Most of the talk of metals shortfall has been dominated by nickel... but the same can be said of copper.
Companies like OXR, also PNA and MNR are top picks by analysts (and myself) because of their exposure to copper revenues.
By all means buy on the dips and sell on the highs but, never turn you back on the mighty OX.
With respect to SHG, I have adopted an identical position to yourself for the same reasons. I currently hold 80,000 options...at least we have drilling of Overston 2 to look forward to in the next 4 weeks.
OXR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
