Remember Peak Oil?The world was supposed to be running out of oil in 2007. A decade later there is more oil than ever. As a shareholder of course I want the world to run out of copper. Recent history shows this may not happen. For that reason I believe it's best to assume a copper price of around $3 going forward. It may be more or less long term, but the Company is very profitable at current pricing. It's nice to dream what would happen if all ducks line up in a row. But I try to keep my own expectations reasonable. I'd rather be pleasantly surprised when good fortune smiles upon us, than disappointed because the world didn't cooperate with my optimistic vision.
Those of you who are truly and absolutely convinced copper is going to $5 should be trading commodity futures. If you're right, the massive leverage on each contract will ensure you never have to work another day in your life. I believe you would earn $200,000 for every $5000 or so invested. I don't know why you would even waste time in the stock market when futures offers much higher profits to those lucky few with the ability to see five or ten years into the future.
I do agree with Ursus on one point. Management here is first rate, and you're far better off owning shares in a company with good management. Inexperienced, or worse yet, incompetent management is a sure recipe to lose your money. I speak from experience. It's extraneous factors, those which cannot be controlled, that are hard to predict. For example, China consumes about 40% of the world's copper. If their economy falters for whatever reason, it would have a huge impact on metals prices in general, and copper/zinc in particular. I'm not saying this must happen, but it is reckless to assume it can't.
I'm not angry, just cautious.