In support of the MRX expansion of production as soon as possible, these are forecast average yearly prices for copper: 06(A) 07(E) 08(E) 09(E) 10(E) 11(E) 3.06 3.24 3.25 3.00 2.65 2.00 US$/lb
Also, a further thought on the effect of a downturn in the US. If China's copper consumption is 20% for exports and the US accounts for 20% of the exports then the effect of a US downturn would be minimal eg 20% of 20% - 4%. So, I fully support the expansion of MRX's production even though I wish the market would treat it a little better!!!
MRX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held