Lion Copper & Gold Corp. (LCGMF)

[ComstockRoyalty]

$8000 Copper. Enjoying the ride.

potential is that copper may find a bid up to $3/lb, or around $8,000/ton, on the LME close, taking after the heady days of the 2007 highs,” IG’s Melbourne-based analyst Gary Burton said.

“Freeport-McMoRan has failed to negotiate a deal with the Indonesian government on permits for the Grasberg mine, which now threatens the global supply of copper, along with the closure of BHP’s Escondida mine in Chile now in its 12th day.”

http://www.mining-journal.com/commodities/copper/copper-on-path-to-2007-highs/