RE:Sold at 7ish
don't you think in light of the recent mine closures, that copper will go on a bit of a run? this SP was already at super depressed levels, find it hard to believe it will drop to the 6 handle again, unless China sh!ts the bed... but they are still growing at 7% a year....
I read an article the other day where the Rio Tinto Copper and Coal head was saying that copper is in a shortage position in the next 2-3 years unless the price recovers and makes certain mines economical again.
Could FM not recover to the 10 handle relatively soonish? The run in Apr-Jun/Jul was quite impressive too, don't see why that can't happen again.