I've been a fan of these for four years and they've done me proud. Currently holding and looking for 9 again in the near term.

Me too Navajo. I think we are looking at 3 months, while they sort the railroad sharing problem.

So pleased to see 9 again in the time frame I thought. A new all time record is on the the cards so I think it's advisable to stay with them with a 10%/15% stop/loss in place.

There's no stopping these from going to 12 by the summer. With growth in China and India going like ours was during the industrial revolution and the demand for resources growing at an ever greater pace.

With the money I've made from these I could retire if I wasn't retired already.

Any views on a company called Zambezi Nickle, new to the market, but it has two great mineral deposites (according to Investors Chronical)...
Mitaba Prospect:
The Mitaba Project occupies a total strike length of 11 kilometres, within which occur two main complexes of successive ultramafic (komatiite) lava flows, 3.3 kilometres apart.
Paulwi Prospect:
The pear-shaped Paulwi intrusion has been gravity-differentiated into a gabbroic upper portion of 3,000 metres depth and basal serpentinised dunite portion of 2,000 metres depth... [goes on to say] comparable to the deposit being mined at the 11 million ton per annum operation at Mt Keith, Western Australia.

Looking good for my 12 by the summer :o)

Navajo

You should hit 12 this week !!!!
Despite the extraordinary run up in the share prices all the major miners still look attractive.
The majority are still on single figure prospective PE ratios. Looking at the prospects for demand for copper, zinc, iron ore (and, to a slightly lesser extent, precious metals) over the next few years, the likes of BHP, RTZ, Vedanta and Xstrata look remarkably cheap even now.

;o)

Copper, Zinc Rise to Records; Supply Squeeze Fuels Fund Buying
May 5 (Bloomberg) -- Copper and zinc rose to records as threats to supply fueled buying by investment funds. Gold reached a 25-year high on increasing tension over Iran's nuclear program.

Copper has risen 75 percent this year as disruption at mines from Indonesia to Mexico limits supplies at a time when demand is increasing. Pension and hedge funds are pouring money into commodities to tap returns that are outpacing other assets. Fund investments in commodities may exceed $120 billion by 2008, up from $80 billion last year, according to Barclays Plc.

``Every hedge fund and gunslinger is getting into this market,'' Sean Corrigan, chief investment strategist at London- and Lausanne-based Diapason Commodities Management SA, which oversees $4 billion in assets, said in a telephone interview.
-------------------

15 by year end ... no problem .. still loving it :o)

BHP says Escondida copper mine now running at 40-60 pct capacity
AFX

LONDON (AFX) - BHP Billiton PLC restored operations at the Escondida copper mine in Chile after reviving pay talks with striking workers, said a BHP spokeswoman.

BHP shut the mine and called off negotiations with the union on Friday after the strikers blocked access roads to the mine.

'The mine is back up and running at between 40 pct and 60 pct capacity,' said the spokeswoman.

Escondida Minera, in which BHP owns a 57.5 pct, made a new offer to the strikers over the weekend.

The offer includes two options. One of the options is a four-year contract, providing for a 4 pct pay hike in the first three years and another 1.3 pct in the fourth year. It also includes soft loans and bonuses of around 32,000 usd for each worker.

The second offer is a three-year contract which gives a 4 pct salary increase, excluding bonuses and concessional loans of around 23,500 usd per worker.

Both options considered additional benefits related to health, education and housing.

'These last and definitive bases for the agreement are historical and exceptional given the industry conditions, ensure business stability and represent benefits that will enhance our workers' and families' quality of life,' Escondida Minera said.

The latest offer was outrightly rejected by the union on Sunday.

Pedro Marin, the union spokesman, said the workers 'can't accept a (further) reduction' of their initial demands.

The union, which began the strike on Aug 7, lowered its pay increase demand to 10 pct from 13 pct last week. BHP, however, stuck on its 3 pct wage hike offer.
----------------------------------

Soon be time for the end of summer doldrums and a resumption of the rise to 15 by year end imo.