I increased my holding a bit early into this current weakness,...

I increased my holding a bit early into this current weakness, seeing I could have them 2c cheaper today! The current price of copper does not affect Universal, it is the long term price that drives their feasibility study, and currently still good.

http://www.virtualmetals.co.uk/pdf/FNLMM1005.pdf

More recently
http://www.thebull.com.au/articles/a/11627-which-commodity-stocks-are-brokers-backing.html

"Goldmans expects copper prices to climb from a projected average of US$3.52 in 2010 to an average US$3.75 in 2011.
The good news for the copper price is recovering global demand in the face of a depletion of inventories.
According to Hartley's Muir, what makes the medium to long-term outlook for copper even more favourable is the limited potential of new mines coming on line any time soon."

Thier Finland project is looking to start first and will not be impacted by Australia's resource tax threat, and it is hard for me (a complete non expert though) to see difficulties with their very cheap acquisition of a plant, and the previous feasibility study was quite positive under cheaper copper prices.

Rosby is the future icing on the cake, I do not know if it will benefit in starting out financing from the Resources supper tax or if it was relying on supper profits. With Finland up and running it may not be so reliant on financing constraints anyhow.

So as long as the longterm copper price looks good I am still bullish on Universal!