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Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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For those looking for a speculative play on copper, Sandfire Resources looks interesting.
http://www.theaustralian.news.com.au...018034,00.html
All blue sky at this stage so DYO careful R.
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Last edited by Dr_Who; 27-07-2009 at 10:35 AM.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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 Originally Posted by Dr_Who
Holy smoke, the sp have gone up like 1000% 
I like this statement, which is fantastic for IRN...
Incidentally, ABN Amro Morgans last week put out its latest metals report with chief economist Michael Knox saying copper is still cheap. One reason: once real demand starts growing again, the stockpiles will shrink and there are very few new, big copper mines due to start up in the next five years.
Me old man just got back from hong-kong seen him in the weekend ,when he was their he caught up with business friend who has 10 of millions invested in the markets ,his tip COPPER invest in COPPER very good future
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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Member
Have a look how AVM has moved in the last month or so
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Originally Posted by OldRider
Have a look how AVM has moved in the last month or so
Yeah their 1 month is great 5yr looks shocking some bargin buying for the congo copper co
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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from mergermarket....
Tongling Nonferrous Metals Group [Tong Ling You Se Jing Shu], a listed Chinese copper maker, is seeking opportunities to acquire copper mines in Australia, Canada and Chile, a company source said.
Tongling is eyeing copper mines with no less than one million tons in reserves. A green field mine as well as grades of less than 0.5% would not be considered. It should also be near infrastructure such as a harbor or convenient transportation facilities, according to the source.
Tongling has approximately CNY 1.8bn (USD 263m) cash on hand. The budget used for acquisitions will be around USD 1bn. It will raise funds from the China Development Bank or team up with other Chinese state-backed miners to carry out the acquisition if the target value is beyond the budget.
A mining strategist said that Tongling may have a tough time acquiring copper mines in Canada and Australia. He explained that in the wake of the Rio Tinto and Chinalco deal, Australia will not be interested in letting a Chinese company make a bid for a sizable copper mine in the country.
An unnamed Australian analyst said that the larger targets such as ASX listed miner PanAust, which has copper operations, would not be viable for Tongling as its operations are located in Thailand and Laos. Smaller miners such as the ASX listed Exco Resources are more likely, he said. Exco has a market cap of AUD 69.76m (USD 57.34m).
Queensland was given as an area of interest as there would be none of the issues facing Chinese investors such as those experienced by Chinalco with Oz Mineral's Prominent Hill project due to the fact the projects are not near important Government sites, the analyst stated. Anything Tongling looked at however, would not be that developed, he added.
One possible target is North Queensland Metals which has been previously been reported on this news service to be looking to divest its copper assets.
The ASX listed energy player Lodestone Energy, which has copper prospects in Queensland was also contacted, with MD Jeff Jamieson saying Lodestone would consider approaches from Tongling for joint ventures on its copper prospects. Lodestone has a market cap of AUD 25.71m (USD 21.13m).
The Tongling source was unfamiliar with these potential target companies and declined to give any comment on them before seriously checking them out.
Tongling is one of the three largest copper makers in China. China has a lack of copper mines. In 2008 around 90% of copper ores Tongling refined were imported from overseas. Tongling generated revenues of about CNY 37.3bn (USD 5.4bn) and has a market cap of around CNY 33bn (USD 4.8bn).
By Yumin Wang in Shanghai, Page Robinson in New York and Cole Latimer in Sydney
Share prices follow earnings....buy EPS growth!!
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Originally Posted by steve fleming
from mergermarket....
A mining strategist said that Tongling may have a tough time acquiring copper mines in Canada and Australia. He explained that in the wake of the Rio Tinto and Chinalco deal, Australia will not be interested in letting a Chinese company make a bid for a sizable copper mine in the country.
By Yumin Wang in Shanghai, Page Robinson in New York and Cole Latimer in Sydney
Who is this mickey mouse strategist that is full of shiat?
Make a bid for IRN at $1.50 and it will go to the Chinese. Well, not entirely, Xstrata may come in and trump them with a higher bid. 
Rumours flying about possible copper manipulation. I tend to disagree. But here is the article from the NBR.
http://www.nbr.co.nz/article/copper-...rumours-106569
Last edited by Dr_Who; 28-07-2009 at 09:40 PM.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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Copper prices doubled..yeah but so has Zinc Nickel and Lead see for yourselves at Kitco historical charts.
I don't think people fully understand how much copper is used in the world and the demand for more to be dug out of the ground as recycling can't keep up.
One example
China's population may not be averaging middle class yet, but I bet a large proportion of the population has a cellphone now.
This is modern day accessory that our young kids can't survive without and has to be renewed every couple of years to stay in fashion..... did you know 7% of a cellphone weight is pure copper so imagine multiplying this weight by a billion times .....
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29-07-2009, 07:37 AM
#100
If you think copper prices are high now, wait till electric cars comes onto the market for sale next year. 
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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