Copper up again overnight to $2.88 a lb, now a long way from its lows around $1.40 earlier this year - I seem to recall that the break even on Ann Mason in earlier releases was arouned $1.49 with the minimum price needed for real viability being $1.73. The whole Yerrington scene would seem to have come back into the limelight with prices approaching $3. Further evidence of increasing interest, backing Waiken's view expressed yesterday, was the fact that Nevada copper was up signficantly last night to $1.41 with an intra day high of $1.50 and turnover twice normal, confirming an emerging pattern of accelerating interest in the stock.
PMH Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held