RE: RE: I love SST at these levels
You might want to sharpen your pencil on that $1.00/lb copper.
My spreadsheet says (from recent quarterly results) that both Neves Corvo and Cozmin operating costs are in the $1.70 range if you factor in $.40/lb zinc and lead. This may get better with lower oil prices, but its shaving things pretty close.
The hedges fall off at some point and there's no telling how long this recession will last.
If even OPEC is having trouble keeping their commodity price up, how will the copper producers do? Copper might fall further than you think.
That's the risk with Silverstone. I'm waiting until the copper inventories stop building and then might jump into silverstone.
Go ahead, call me a basher, but I'm just trying to highlight some things to consider.
MontyHigh