RE: RE: $1.20/lb for Cu juniorsAlso, although banks are offering $1.20/lb for Cu juniors now, let's not forget that CUU would not be producing before 2013. This gives time for raw commodity prices to rise (which I believe they will have done by sometime in 2010).
Really, my fear is that Teck chickens out. If the FS goes ahead (at more reasonable estimates, granted) and Teck comes on board, that should be enough to sustain the company through to development...
I truly believe 2009 is the make-or-break year. Comments?