RE:Copper correlation I understand your view. This does not seem to add up.
However copper is up 30% in the last 6 months. WRN is up from about $, six months ago USD, to now $1.44 as of yesterday's close, making that about a 44% increase.
Perhaps our frustration lies in unfulfilled expectations. The wise, sage Sooner does remind us about Dale's statements about RIO just needing a little DD. Not much to do before a buy out. Well...