David Tsao

Freeport McMoran: With Copper Prices Rising, It's Still a Buy

There is a fundamental reason for the selloff. There is a nationwide strike going on in Peru, and FCX is caught up in this. This will obviously drive up copper prices, but companies like FCX and PCU will have to leave money on the table.

www.mineweb.com/minewe...

Check up Otto Rock's postings under PCU regarding his analysis on how long this strike could go. In fact, if you want good coverage on metals and south america, I would highly recommend his blog.

www.incakolanews.blogs.../