Rough time for everyone in copper. Anaysts are seeing a surge in copper inventory and seem to forget the fundimentals.

CUU share price is following the trend. I believe the share price will reverse shortly as I don't believe the price support is a corrective bounce. More production combined with greater demand will make increased volitility in copper inventories.

If in fact the US economy does pick up greater consumer demand coupled with growth in asia will increase copper consumption more then analysts predict. Couple that with the failure to bring the expanded capacity into production due to more delay and I bet the copper surplus does not materialize this year. More and more governments are getting greedy, people are getting scared and projected project costs are exploding.

So what does this have to do with Copper Fox? It is why Teck is going to buy Schaft Creek (or at least back in 75%). Schaft Creek doesn't have many of these negative issues. I think 2020 is the right time to bring Schaft into production. It may well be at the start of the next "cycle" in metals where copper spikes to $5.00+

Me