I would not Rush in Yet But I think this is near the bottom for copper juniors in general this one might go lower yet.
I saw an interview on Bnn of the last CEO of Qudra FNX before the the Polish company took them out and he said decision he makes now on mines and mine expansions will not deliver for 5 years.
First Quantum CEO said in an interview that he see 5 dollars a pound in 2017 for copper.
Everybody knows that there will be a surplus for 2014 and 2015 (there was suppose to be in 2013 ) but after that there will be a deficit that is why First Quantum made there move now for Inmet mining. Buy low sell high.
Capstone acquired a mine this week and paid more than most analyst thought it was worth.
Hudbay has 400 million on the books for acquisitions. Hedge funds are buying so assets from the majors.
Candante is moving forward slowly if the politics get better and 56 million investment in the region tells me it will .( Lets get rid of that mayor).
Now 10 billion pounds plus and a share price of .30 cents management would have a hard time defending a hostile take over rate now.