InvestorsHub Logo

MONYMAN3

04/29/03 1:58 PM

#102708 RE: Bearmove #102701

Bearmove...think PD is a big player in copper. Rob

que seria

04/29/03 2:08 PM

#102719 RE: Bearmove #102701

Bearmove: Try Northgate for a nicely leveraged small stock.

http://finance.yahoo.com/q?s=NGX.TO&d=t

You can even get in ahead of earnings if so inclined. It has gold in the deposit/resource too, but I'm not in because my macro view doesn't have me buying copper plays.

Sherlock356

04/29/03 2:09 PM

#102720 RE: Bearmove #102701

PD tends to be the bellweather for copper stocks imo.

DanWebzster

04/29/03 2:10 PM

#102721 RE: Bearmove #102701

In addition to PD, BHP and RTP are major publicly traded copper producers. Also, I'm not sure if there's a ETF for Chile, but it's economy is quite dependent on Copper.

Why the interest in Copper?

Bernard_Barouk

04/29/03 2:38 PM

#102749 RE: Bearmove #102701

BENGB.ob. I have followed the stock for decades, currently own 275,000 shares at aroun .06.

At one time was 4th largest copper producer in world, along with Cyprus Amax, BHP, Asarco.

It trades at $.11, but go to www.bigcharts.com and pull up a quote for bengb for the past 20 years, you can see it has traded as high as $8.

There are 2 "wild cards' that will make this one pop:

- It inherited, free of charge, the massive KingKing copper and gold range from Echo Bay, when Echo Bay had proved it up, but did not have the money to bring it into production(again, a forfeited option). Effectively Benguet has a lot more ore/share going into this bull market than last.

- The Philipino Peso, like the South African Rand, has totally collapsed, meaning mining at Benguet will be done cheap in Peso, and sold in more valuable $US, which is what has made DROOY move like it has due to Rand collapse.