MARKET MENTAILITY IN MINING- BUYING AT THE RIGHT TIME
The recent historic high metals prices and subsequent colapse, was hard felt by all. You must think back to the last Global market colapse and compare. Will the recent bottom in comodities and oil more specifically remain in tact, I say Yes. The US dollar will continue to sell-off , naturally driving up comodity prices. In the year 2000 copper was $.41/pound, Nickel was $2.50/pound, Gold was $250/ounce, silver was $3.75/ounce, platinum was $360/ounce, and the US Dollar was at a historic high. Greenspan pass the weak dollar policy law in 2001 this began the run up to 2008, sending copper to $4/pound, nickel to $28/pound(but topped out 1 year earlier, a clear signal bull market was done), Gold to $1050 an ounce(and currently near record highs) and platinum to $2500. The US dollar is crashing as we speak this will add to the recovery in comodity prices in US dollars. The demand for all comodities will originate in China.
You need to own shares in a "World Class precious metals and base metal Deposit " such as this The study projects:
* A Measured and Indicated Resource of 1.393 billion tonnes with 0.25% Cu, 0.18g/t Au, 0.019% Mo, 1.55g/t Ag at a Copper Equivalent of 0.20% cutoff; * A Mineable Reserve mill feed of 812.2 million tonnes of 0.301% Cu, 0.212g/t Au, 0.020% Mo and 1.76g/t Ag; * 18.6% before tax internal rate of return; * $11.734 billion Pre-Tax Cash Flow (undiscounted); * $2.764 billion NPV before taxes, discounted at 8%; * The revenue generated by all the by-products covers all operating costs and adds a credit of (US) $0.32 /lb of copper produced to the revenue stream. Thus, a negative operating cost for copper is estimated; * 4.7 years before tax payback, and 4.9 years after tax payback. Owned by Copper Fox (CUU.V) ,http://www.copperfoxmetals.com/s/Home.asp The shares are near all time low's and has just secured financing , with this red flag being lifted I expect to see Copper Fox become a 10 bagger fast by this i mean in 6 months or less.
I am long Copper Fox since May 28 2009