Quote:
Originally Posted by no_clue
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you know any mining company looking at a resource like copper fox's will be doing NPV analyses using a 2.50 or so long term copper rates.
no one in their right mind would be using short term rates - as long as the long term price doesn't significantly change copper fox, or any commodity company's stock will just be on 'sale' when it goes down
this is coming from a long term perspective investor - of course revenues & margins increase in times of rising commodity prices, but long term a mine's value is based on returns calculated using LT prices.