Hi ben,The problem is that we do not have many large copper...

Hi ben,

The problem is that we do not have many large copper mines comming into production in the next few years.

Copper being accepted as the first indicator of where economies are going has been holding pretty good up in price.
It could and is normally a sign of things to come, and this means that China will be keep growing and in need of tremendous amounts of copper imho.

PNA is well positioned to make the most of this situation and if they are right and we will soon know, that the production costs are around the $1/lb then we will have a real bargain on our hands.

It will mean that we have a current PE of around 4 right now, which is a bargain imho.

Time will tell but my gut feeling tells me that once the US have signed off on the rescue package we could be up and running again.

Good luck to all and El , you had a good entry at current levels.

jojo