I hope you're right Pic, the anticipation prior to the last jv meeting drove the price up to .245..I know because I had to sell a little to fund a pension, and was lucky enough to get it.
I can't believe the conflicting articles re. the state of the cu supply. I strongly suspect China is doing everything they can to hold the price down, at least until they can buy a substantial supply, in the ground, to go with their 2 million tons in reserve. they're smart, and have the funds.
If Teck wants Shaft producing in 2020, and if it only took 3 years to build, they have to start in 2017. the road, which I see as necessary to the start, is projected to take 15 months to construct, which is reasonable considering it involves one major and two smaller bridges. that means they need to start on it by the 3rd quarter 2015.
prior to building the road they need the permit which addresses any enviro. issues relating to it, and not to be confused with the EA for the mine.
Now back to the way the price bounced prior to the last meeting. it indicates, to me, that 2015 has a strong possibility of material news, and a stock price surge as it seems we aren't the only ones waiting, and looking for this event.
As usual the foregoing is IMO and may contain a large dose of wishful thinking.....chunky