Great last point.
The current climate I think deters everything from new exploration right through to the BHP's of the world ramping up productions.
As opposed to $3.50 plus copper where every self respecting mining company will want a piece (and hopefully this comes about in the coming years), compared to now where it is completely unloved, apart from the longer term analysists who simply look at supply/demand. The true driver of any/every market..
I guess it is one of the positives, thinking of Rick Rule's "bear markets are the authors of bull markets",,, our copper bear market is quite the story, and restricted supply will be a key contributer when it turns.