RE:RE:Next point of resistance is 2.40 on the chartCopper at $2.20 + and rising is so much better for the debt reduction plan, easier to get satisfying bids if selling off mines or negotiating deals. Management is crazy smart, doing equity raise at $16 + a share before the downturn and hedging copper at $2.40. While it was down, FM did not suffer at all, probably never sold a pound of copper below $2.20.
Not going to talk about the future because no one ever knows but copper futures is up as of now.