Would not shock me to see this remain at about 9%, even with an increased volume b/c there is a great chance that the copper and gold operations will also benefit from worldwide demand and higher prices.
I agree with the point on Moly. I've been playing it by being long GMO. Comes online in 2010 and is set to be the largest primary Moly pure play in the world. Been in it for a while and I like everything about it long term. I think it has more upside than TCM.TO but I like that as well.
Either they will make it to production themselves (which will be VERY good for shareholders) or I see them as a perfect buy out for a company just like FCX (which is why I check in on FCX now and again even though I don't own shares)