Nothing really new but interesting… “Not close to a deal at the moment”…

Copper: It's Called The PhD of Metals

Wed 23 Jan 13 | 08:20 PM ET - David Strang, President & CEO, Lumina Copper, talks about the current situation of copper market and Lumina's Taca Taca project in Argentina.

Abstract:

  • Copper Market – China key player – Copper LT Fundamentals are fantastic (structural supply side issues) – On shorter term, fairly reddish during the following 6 to 8 Months
  • Lumina – PEA released to the market at the end of February – beginning of March
  • Argentina – Nationalism has been overplayed by the market, certainly from a mining perspective – Mining is controlled by the Provinces whereas oil and gas is viewed as a national interest (controlled by government)
  • Due to the Argentina factor, low SP at the moment and as a result Taca Taca became a  “cheap acquisition”
  • Not close to a deal at the moment – Strategic review process on-going

http://video.cnbc.com/gallery/?video=3000143214