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Re: VMS Ventures to Begin Phase One Drilling on the Tower Zone at the Reed Lake
I would not ask for more than 3$/lb; if we can't make money on that then we should not be in business. Very high prices could in the long run be counter productive. You may get substitution(more plastic less copper, etc) and you may get more juniors to compete with. 10-15 years ago copper prices were less than 1$/lb and they still made money.