PEX 0.00% 11.5¢ peel mining limited

Copper price up again very strongly. Most importantly it broken...

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  1. 2,689 Posts.
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    Copper price up again very strongly. Most importantly it broken US$3/lb resistance level. As I said before IMHO it will move above US$4/lb soon if we don't have any major problems with US economy.

    Remember I previously predicted zinc price will go from US$0.80 to US$1.2/lb (read my old posts). I was 100% right, I actually used very conservative prediction. Zinc price actually rocketed above US$1.40/lb. So my conservative prediction of copper to reach US$4/lb could be at very low mark.

    Once we get T1, MB, Wirlong, Wagga moving, with our high grades and high copper prices, IMHO 50c to $1/share is not out of question.
 
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