Although we have hit new 52 week lows in our SP this week, I’m feeling optimistic.The article I shared earlier showing that copper surplus forecast for 2015 is likely a mirage – the closer we get to it the less real the surplus will be.

Now I have seen some project plans of companies that are bullish on copper.BHP states “Driving that decision is the company’s forecast for increasing copper demand from China”

http://copperinvestingnews.com/22334-bhp-focus-copper-rio-tinto-glencore-glen-china-australia-demand-copper-price.html

And this one: http://www.mining.com/bhp-moves-way-from-iron-ore-to-focus-on-new-darling-copper-20784/

And we have this more in-depth article stating things like “Why does that matter to us as investors? The deposit is extraordinarily deep at 7000 feet below surface. Many people don’t believe mining can be done profitably at those depths, but the move by BHP and Rio Tinto says otherwise”

http://www.mining.com/web/steve-todoruk-explains-where-hes-speculating-now/

So it goes to show that detactors are not always right. We can be built eventhough it is a more remote area of BC.

So although Teck’s SP is also struggling, it is very positive to see that miners are recognizing the need to proceed with their mining plans – I think it will help spur Teck towards implementing plans towards production of their copper assets.

Plus we should get the resource estimate for Van Dyke on Monday as it is December 15th.