Polymet Mining Corp (PLM)

[dadoffour19]

Copper prices may recover sooner than later.

Encouraging assessment, check out the article - too bad that PLM is not mentioned - though at a 35 ktpy production rate - it falls in the relatively "small" production catergory, when compared to the other projects listed in the article.

Quote from the article:

It is important to note that the 4% consumption drop this year is our base case, and there is potential for a much steeper reduction in consumption; with potential for a consumption loss of 7% that would lead to a much larger build in stocks and a lower copper price. If the pessimistic scenario occurs, though the stock build would be bigger, further production cuts on a larger scale, and less new production, would then lead to the stock build still being worked off reasonably quickly, with a return to a market deficit in 2010 and a larger deficit in 2011. If this is sufficient to work off the larger resulting overhang of stock, copper prices could recover sooner than expected.:"

http://www.mineweb.co.za/mineweb/view/mineweb/en/page36?oid=78568&sn=Detail