RE:the real flor price valueYep. If you are in a business where copper is essential and your entire production would be shut down without it, and you can secure millions of pounds of copper per year for roughly $1 a pound, you jump on it and pay handsomely for it.
I would think a 3 year return on the initial investment would be a steal, especially if it buys security for your business.
Gotta think JV's are calling.