We have a private placement, and copper rebounding in price, yet our SP still languishes. Perhaps copper in the ground isn't as valuable right now as some of the numbers suggest.

For example, Xstrata just announced an 8-week closure of its copper smelter in Timmins starting April 13th. In a macro sense, this means that there will be less copper production on the market, pushing up the price of copper. But I wonder how true will that be. It seems that Xstrata believes that copper demand is still not there and doesn't feel it's warranted in continuing production. IMHO of course.

Trainboy