I am currently a bit of a "double dip recession" man. I think that 2010 will sail along fine and then something from left field will hit the markets and there will be a short, sharp 10 to 15% correction. Commodities would fall and copper could be at $2/lb.
If and when that happens, that would be the time to purchase or take some stakes in companies like SFR and CDU.
I agree with you AlbertE, they need to continue to explore around P Hill and fast track the 2 u/g mines at P Hill as well as Cambodia.
I am happy that the company is taking it's time with acquisitions. It is being patient and not rushing in (like ZFX did with Allegiance). Seeing good company discipline is a plus in my books.
HT1
OZL Price at posting:
$11.80 Sentiment: Hold Disclosure: Held