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Gold/Mining/Energy : Copper - analysis -- Ignore unavailable to you. Want to Upgrade?

To: Stephen O who wrote (252)	1/28/2001 4:03:49 PM
From: marcos	Read Replies (1) \| Respond to of 2131

I follow aur.to longterm and currently hold a chunk, my interest in the copper market sort of stems from that ... got some ivn.to as well ... yes i should look at fm.to, the greater exposure to nearterm upside due to the lack of hedging may offset some of the country risk ... Africa will remain discounted in the market to some extent for a long time, imho .... wmchen says to look at imn.to, and mentions nov.to as well ... another offline friend likes tek.b.to a lot ... with aur.to, their hedging is about 65-70% of current year production but less than a third of '02-'04 production, then they'll have the QB debt paid off and i doubt they'll sell any ahead above what the banks required, as they have demonstrated in the past that they would rather sell spot ... so they have excellent leverage imho ... but i will look at fm.to ... the Haywood projection of 1.00+ copper this year was about the fourth i've seen, over and above JimBob's comment, pretty encouraging eh ... cheers