Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Copper may have been testing six-year lows of late, with prices down from $4.5 (£2.9) a lb. in 2011 to around $2.42a lb. now, but south-west Africa-focused Weatherly International (WTI) continues to trumpet its dramatic ramp-up of coper production at Tschudi in Namibia. The AIM-quoted company, whose shares have crumbled from their 8p float price 15 years ago to 1.08p now, against a 12-month high of 3.88p, says the fourth quarter of its financial year to last month, Tschudi’s first full three months of operation, saw production of 2,257 tonnes of London Metal Exchange-grade copper cathode, 50% of the project’s design capacity and comments it has set a monthly target of 1,400 tonnes, 100% of design capacity, by December.
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