Base metal playsHBM looking strong again today. I was wondering if anyone here follows/plays T.LIM? Looks to be the "other" most likely base metal TO target, along with HBM. I took a position on Monday, when it dipped to <6.50. Along with HBM looks like the best Cdn TO play candidates.
The underlying nervousness of a US Recession continues to hold these plays from achieving a respectable P:E ratio. I expecting pent u[p Chinese demand for Cu, especially, to prop up prices till at least the end of 2006. After that, who knows?