Freeport-McMoRan Copper & Gold Inc. Message Board

They say MMR/PXP will be immediately boost revs by 25%. PXP did 1.47 bill EBITDA, but just 147 mill net profit. MMR is negative 138 mill, so you have to think there's no impact on earninga yet. BUT, post-merger, I would expect MMR net loss could be mitigated...

I noticed that too, Sy. I'm not sure if copper is at a 60 day high or if our dollar is at a 60 day low! lol. Warehouse levels in LME are going up. Levels in China seem well stocked, though they dropped the last two weeks by small amounts, 3K last week, a few hundred tons week before. If copper averages 3.70 for the Q we should make a buck/share and creep up to 40 by the end of Q1. We'd be there right now if it wasn't for MMR purchase.