For me, even in spite of the recent rise being attributed to BHP's union negotiations at Escondida, it was a catalyst copper needed to break out of a trading pattern it's been stuck in for really a few Months now.
If it can have a relatively convincing bounce at $3.20 or $3.15, then hopefully it finishes stronger the second half of the Year and ready to move into new highs...
All would be fantastic signs for copper interest, and timing beautifully with potential attention grabbing exploration news..
All 'ifs' and 'hopefullys', but clearly none of this is currently getting priced in to MOD's SP, so fine time to be topping up if someone was at all bullish on copper and/or MOD's exploration prospects..
We are way ahead of the exploration game in this region as well, so even just being bullish on the KC Belt itself, MOD I believe is the absolute prime pick of the bunch...
