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the cork

03/14/14 11:59 AM

#31134 RE: bbotcs #31132

The recent New Prosperity decision contributes to making TGB the steal they are today. 85 million pounds of copper per year plus a small but significant Moly by product. Something like 60% of their output is hedged at higher prices, so the latest mauling in the copper price doesn't hurt them as badly as it might seem on the surface.

NP is supposedly the 7th largest undeveloped gold project in the world. It will probably happen "someday" when the right environmental concerns have been addressed and the right political palms have been greased.

Upon a collapse in the purchasing power of the dollar, Copper (and any commodity priced in dollars) will see a hyper inflationary type spike in prices.