"p.s your line of argument will have negligible LT valuation impact from this point (give or take 6 months)"
But the longer it takes the less chance of catching the peak copper price as supply is ramped up over the next decade world wide...
History shows a dismal performance for CDU meeting deadlines and it looks like now production will be 2013 at best...but a realist might say 2014 with divis if any in 2015...maybe that's optimistic...
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