RE:RE:RE:RE:RE:RE:copper warehouse stocksEStreet wrote: Interesting POC is trending below the $4.00 mark this AM and many of the lads are trading 1 to 2 % higher,,. Charts seem to be pointing towards a baseline copper price of $4.00 and these little moves into the high $3.90 arnt having the negative effect on share prices they had just a week or two ago,,.
The likely reason why copper producers share prices aren't spiking lower is because most investors realize these companies will be making a sheet ton of money at even $3.50 US. Except Taseko, that is. Of course that will change once Florence comes on line hence back to the waiting game. Wait until you see the next several quarterly reports from said copper producers, save Taseko. Their share prices will most definitely spike higher over the foreseeable future.