In 2010-early2011 someone at Burgeonvest told Accountant that $5 was reasonable. (He posted this at the time.) That was before the drop in copper pricing. . . but our 3-year average is getting higher so it shouldn't have affected us overly much.

The world has been taking a beating since then and it has dampened everyone's optimism including the major's that are buying. Remember when Equinox was purchased the pundits said that copper had to stay at $3.70 to make it a reasonable buy? Then, of course, copper proceeded to drop. I wonder if they would have paid that much in the fall of 2011?

The perception that China is going to slow down just has to be affecting the price.

I am keeping a lid on my expectations and would be relieved at $3, and excited to get over that. (I owned BIM and it disappointed.)