Value Microcaps Junior Miners

[JustForFun7]

repost from InvestorVillage on China's copper needs.

"CitiCorp On When Will The Cycle End...

pg 12 of the report I referenced earlier this year.

"... The charts indicate that once GDP reaches $15,000-$20,000 per capita, metal intensity begins to plateau. China's GDP per capital is currently around $7,000 indicating that metal intensity is likely to continue to rise at strong levels for the next 5-10 years. By the time China reaches a GDP of $15,000/capita and assuming copper consumption per capita of 10 kg and a population of 1.4 bn, annual cooper consumption would be in the region of 14 Mt - 82% of 2006 total copper consumption and nearly four times China's 2006 consumption of 3.6 Mt".

Its going to take a lot of new mines to satisfy that (and it doesn't even address India or other developing economies).

Monty"

http://www.investorvillage.com/smbd.asp?mb=4923&pt=msg&mid=2935985