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Gold/Mining/Energy : Copper - analysis
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To: johnlw who wrote (1608)2/22/2007 9:59:00 PM
From: LoneClone   of 2131
 
John

You have named the parallels right there, plus both have good experienced management, but at this point the big difference is that Augusta lacks current production, needless to say.

Will copper and moly prices still be as high when Augusta gets into production in 2009? I think so, but who can really tell?

I have just a small position in AZC to keep my eyes on it, and occasionally trade a bit to get my cost basis down, but I can see the prices remaining below $3 for at least another year.

That said, I may buy a bit more shortly while they're cheap for the runup to the resource estimate and FBS. I may trade them or keep them, depending on how things go.

[Later] You prompted me to go to their website for the first time in a while. Check out the new presentation which reminded me why I bought some in the first place.

LC
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