RE:RE:A major roadblock to Philippine Mining removedSo let's see. Last July with copper at $3 Sau hits 15 cents on no news, and in Jan. with copper at $3.50 Sau hits $20 cents on no news. Today, with copper at $4.18 and great news on the lifting of a seven year ban (yes, even though not for open pit mining...yet) its stuck at $0.11. Ya, ok. Not for long.
As for the open pit ban, well, Duterte was not going to lift the 7 year ban either we were told, BUT HE DID. Cause he had no choice. Its likely that the same will happen for the open pit ban. Duterte probably has to do this in stages or the environmentalists would go crazy if he lifted both bans at the same time.
Cheers,
Rob