With China slowing down their new projects, the co
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Posted On: 07/24/2013 2:58:38 PM
With China slowing down their new projects, the copper supply is more than adequate for the rest of 2013, but that won't last forever. By the time SIRG gets the mine producing in 2015 the entire copper industry will have changed again. In Chile they have both water and electricity problems that are slowing production.
Below is a chart for Mercator Minerals that hit a high of over $4.00 and has fallen from .60 this year to .11! They own the Mineral Park Mine that is 2 1/2 miles east of the Chloride. It has dropped even more than SIRG!
http://www.mercatorminerals.com/s/StockInfo.asp
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