Only comparison i can think of is EQN, ramping up to 150kt per year of Cu + some Uranium in Zambia.
Can IRN really fund it's portion of the project though?
Looks more of a certain takeover target than a large copper/gold producer
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LST is looking to sell their balance holding in IRN, hence the sp have not moved up.
If IRN sp comes back more, I will add to my current holding. :)
They sold most of it with only a small holding left.
Under the agreement LST merger with Catapal to create a mid tier gold miner, LST have to sell non core assets, which is IRN.
I am keen to add more to my IRN holding if the sp do fall further. My guess is the Chinese and/or a large miner look to take out Tampakan.
Copper price near $250! :eek:
"China inventory build is essentially complete, while we are now seeing evidence that restocking has commenced in North America, Europe and Japan," BHP said.
http://www.theaustralian.news.com.au...005200,00.html
Spot copper ended trading just north of $2.50
JB.. yes.. much more bullish now. Resistance zone has be broken...next level at $2.80 ...eventual TA target $3.70?
Just keep an eye that it will respect its new support now...there's been a lot of false breaks lately.
The double top bearish fear should now disappear.