Mt Watson Stage 1
"Operating cash flow at $3.5m per 10c above $3.90"
He's probably seen the ascending triangle that has formed on copper futures since May 2006 and it's ceiling at $4.00 with a test of that ceiling currently being actioned.
A break out of the $4 ceiling will put copper prices into play and increase cash flow for MRX.
Mt Watson stgae 2 due in October by which time Copper futures could/should be well in play above $4.00 all being well.
PP
Mt Watson Stage 1 "Operating cash flow at $3.5m per 10c above...
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