Lots of $$$ flow from small caps to large caps during bear...

Lots of $$$ flow from small caps to large caps during bear markets and EOFY selling would only make it worse.

I emailed the coy last week to try to get some info on when the drilling is likely to finish, will post if I hear anything.

Meanwhile.....

UPDATE 3-Shanghai copper up as domestic supply tightens
Fri Jun 13, 2008 1:06pm
Updates prices to Shanghai close, adds invemtory data) By Nick Trevethan SINGAPORE, June 13 (Reuters) - Copper futures in Shanghai and London rose on Friday, and traders in China predicted prices could bounce higher on evidence that domestic supplies are tightening. The most active Shanghai August copper SCFQ8 contract rose 330 yuan, or 0.6 percent, to 60,280 yuan ($8,727) a tonne by the close. "Shanghai copper has steadied and the London market seems to have found support. The view now is we could see the domestic market correct higher," a dealer in Shanghai said, adding that Chinese copper imports fell sharply in the past three months, tightening physical supplies and supporting the futures market. "The spread between London and Shanghai copper prices is narrowing and that will continue for the next two months to the point where you could make money importing LME copper to China." The gap in prices between the London and Shanghai copper
markets narrowed to 3,491 yuan, from 3,587 yuan on Thursday, including Chinese value-added tax, well down from a record 6,549 yuan on April 18. Shanghai copper inventories fell 12 percent to 33,992 tonnes in the week ending Thursday, at the top end of market expectations, as falling imports force consumers to source material domestically, tightening up the local market.
[ID:nBJD000315] London Metal Exchange copper MCU3 rose $45 to $7,880 a tonne by 0712 GMT. "The dollar's strength is keeping metals under pressure, especially after U.S. retail sales data came in double expectations," MF Global analyst Edward Meir said, adding that copper's technical outlook was neutral. "There is chart support at $7,600 in copper. On the upside, $8,050 to $8,100 are problematic. Gains are capped by the dollar and sluggish Chinese demand, but the downside is limited by strikes and supply worries." Labour strife is bubbling across Latin America, where workers want a bigger slice of the pie built on recent years' sustained high prices for industrial raw materials.