Replies to post #40492 on Value Microcaps Motherboard

[researcher59]

cl001: EZM copper hedging is unfortunate, but only 25% hedged at really low prices of $1.58/lb. The good news is that the majority of production is not hedged, and furthermore, taking a longer term view, there's no hedging beyond 2006. Of course, copper prices are expected to trend back down soon, but that's what the experts were saying a year ago. They've been extremely wrong about copper prices !