RE: Copper fundamentals I agree that long-term copper prices will be good, but remember.
INPUT costs have risen SOOOOOO much.
$2 copper is no longer high prices..........it is break even prices.
Reed Lake will be VERY profitable but short term weakness in Copper might have adverse affect on share price?
Just look at gold miners, their costs have almost doubled in last few years.
This is all moot with respect to VMS and there share price.....as I have said before and I will now say again.
IT IS TOO SMALL, NO-ONE cares, look at share price ever since the n43-101 came out and the stock has went from 80 cents to 20 cents.
Don't get caught up in the dillusions of grandeur or wild speculation on this board.
This is a fill-in-the-gap mine for HBM, 6-7 year mine life....then onto FULL production at Lalor and Constancia.
Konuto lake was VERY similar to Reed. High Grade and 7 year mine life and then DONE!!!
Hopefully VMS takes the money they make from Reed and spends it drilling targets in Greenstone belt, and NOT wasting it on projects in Greenland via NAN???