Value Microcaps Motherboard

[cliffvb]

Copper stocks...Needless to say, I'm very happy that I own NXG. TGB is also up again. I'm surprised that EZM has been dragging behind the last couple of days and it is even down a little today. I wonder why? Simple rotation maybe? Some blame their hedging of 1/3 of production at lower prices as a reason since it will obviously dampen earnings compared to what they would be without hedges. I think that will actually become a positive in the next few months as the market starts looking forward to '07 without those hedges in place. Does someone recall if they hedged '07 production as well? They may have talked about that in the CC, I don't remember.