Posted On: 03/25/2015 2:53:07 PM
Post# of 4018
copper crashed due to the usual knee jerk market overreaction to events in china in jan -see RVM board- as low as 2.47 jan 29
which caused another copper silver miner i mod to mothball its restart after an earthquake closed operations
copper reportedly only $1 in 1993, which caused the Chloride mine to close at that time
ever since silver/golds fall 2013-2014 from unsustainable historical highs its been hard to get VC to invest in mining- again an overreaction because silver/ gold prices are still much higher than before that temporary rise
but copper has been at a 5 year low AND many miners irresponsibly allow their costs to boom
due to such anomalies due to insatiable greed and unreasonable expectations
http://www.tradeservice.com/copper_pricing/index.html
which caused another copper silver miner i mod to mothball its restart after an earthquake closed operations
copper reportedly only $1 in 1993, which caused the Chloride mine to close at that time
ever since silver/golds fall 2013-2014 from unsustainable historical highs its been hard to get VC to invest in mining- again an overreaction because silver/ gold prices are still much higher than before that temporary rise
but copper has been at a 5 year low AND many miners irresponsibly allow their costs to boom
due to such anomalies due to insatiable greed and unreasonable expectations
http://www.tradeservice.com/copper_pricing/index.html
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