I can't see him entertaining the idea of selling SC when the optimization study is done, unless the commodity itself is performing well enough to get 'fair value' for SC.

Obviously the anticipation is that copper prices will improve as we move through this year and when the optimization studies are done it should be looking healthier. If not after optimization, then after the EA, which comes next.

Already we are starting to read that there might not be a surplus this year after all. It is starting to hit earlier in the year than usual.

“Copper’s notoriously dysfunctional supply side is earning its reputation once again,” said Ms Lloyd [analyst at Macquarie], who is now forecasting a refined copper deficit of 30,000 tonnes. As recently as November, Macquarie expected a 450,000 tonne copper surplus this year.

http://www.ft.com/cms/s/0/36e86ab2-bdde-11e4-8cf3-00144feab7de.html#ixzz3Ssc3Qmnb

“If you ask most people in the market what happens six months down the line if Chinese growth is still stable and the supply picture hasn’t changed, I don’t think anyone would argue the price should be where it is today,” said Matthew Wonnacott of CRU, a consultancy.