RE:RE:Copper shortage in u.s.nofluff wrote: Bhp has made final offer to there escondida miners that has to b voted on month end.
That could pull a lot of copper off market. They produce 100 thousand tonnes per month. If they strike, copper goes to 6.00. It does not come down for a long time as markets r balanced so suppy gain would b unlikely.
Happy guessing.
nf
Hey NF, while I agree with you that copper prices will spike upon a strike, I doubt that happens. However, doesn't really matter much as you are again correct that Taseko is going to do just fine with $4.50 copper (or even $4.25). I remain steadfast in my belief that the big boys are playing with the share price until the end of September, when the final draft permit will ultimately be released. This three month delay in obtaining the permit has been music to their investing ears. Lots of time to shake out the weak hands. All systems go from October forward.