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  • Copper Prices Slumping; Targets Cut for Barrick Gold and Goldcorp [View article]
    As long as copper's primary production comes from politically/labor unstable production centers, companies with copper production in producing stable mines will be valuable. It is just a matter of time before FCX or Xstrada buys something like NXG, selling for $1.14 a share now with vast qualtities of proven reserves. Just to sit on it until prices rise. We may also be surprised this quarter to see some hedges place on some of these "unhedged" production companies locking in good prices on some production.
    Long NXG, just bot more.
    Oct 05 11:03 am |Rating: 0 0
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