Value Microcaps Junior Miners

[Bobwins]

FCX +.34 to 28.91 Bought some more FCX. Historic low inventories in copper don't equal the sharp price drop in copper that we've seen since the recession scare started. FCX is profitable and has both copper and gold. Like the CEO said in comments about Q2, Freeport has been thru this before and knows how to adjust to different economic conditions.

If even 1/2 the projected increases in electric cars happens, copper will be in deficit and prices will be higher. If times get tough, many juniors will be unable to finance the large capex required by large copper mines but FCX can either self finance or borrow the necessary funds. They have been reducing leverage during the high prices and are in good shape, financially.