Murphy must have hit my last post so revisiting.
Hi E.....
I agree all your points are indeed right and no dispute there, however I personally can't see BML walking away from their present setup (but along with most others do hope they also embrace something new), so I post the following quote from Creamer Media (Base metals) on price outlook:
Global Commodities Outlook
Smith states that commodity price performance since the election of US President Donald Trump in November has been “a bit of a mixed pudding”, as metals with industrialapplications, such as copper and iron-ore, have had strong price support, while the strong dollar has led to a weaker goldprice.
“The nickel outlook is strong and we expect base metals to outperform as a result of the relatively strong growth in the US economy and the improved outlook for China,” Smith says, adding that China’s thirteenth Five-Year Plan has outlined promising policies of infrastructure investment, which should support stronger base metals demand.
“Our picks, in terms of market performance for base metals are, in order of popularity: nickel, copper, zinc and aluminium.”
http://www.miningweekly.com/article...l-not-negate-structural-challenges-2017-01-27
Have a nice day all.
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