Camrova Resources Inc. (BAJFF)

[carl12341234]

Dahlman lowered 2012 copper price forecasts from $4.75/lb to $4/lb, "and we are initiating a 2013 price estimate of $4.25." The analysts continue to believe that copper fundamentals remain strong as Chinese demand continues to be robust.

"We expect meaningful growth to continue in China, as well as other emerging nations, as electrical infrastructure buildouts continue amid the continuing trend towards increase urbanization," they predicted. "Importantly we believe the supply response will be slower than many anticipate. Both physical limitations, such as declining ore grades at existing mines, and structural limitations like work stoppages, increasing resource nationalization and taxation, a shortage of skilled labor, and other factors should continue to be supportive of prices."


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