What If?
posted on
Mar 28, 2008 09:00AM
Most of us think in terms of gold companies when discussing potential buyout offers.
How about someone interested in copper.
Copper near 4$ a pound and about a third of our resource being copper value so why should someone not be interested.
With gold being also high and potentially rising more than copper it is a bonus that is an additional incentive.
I say a copper producer because gold is mainly a money based incentive but copper is an industrial need and anyone desperate for it will jump at the chance beyond the monetary incentive.
I just read a piece about Vale taking an interest in Freeport. Not all aquisitions are gold-gold, copper-copper. in this case iron seeking copper.
So why not Vale, if Freeport falls through, taking an interest in us. Sure we are not a producer yet but one or two years away from production is not long in mining terms.
Reading articles gets me musing on the possibilities because things are rarely straight forward. Cheers.