Oh dear God, it's worse than I imagined. Do you think there's any scenario where Anglo would reconsider their commitment? Any whatsoever? Or are they just as paralyzed as you, unable to adapt to a new reality.
There's a new reality, and the share price has reflected this new reality, from $20.00+ down to $2.50. The non-emotional investors and traders can cut the chord, the emotional longs will likely stay to the very end.
Of course, you can't address the energy-intensive nature of the proposed mine. That probably doesn't even enter your decision-making process. I mean, do you think the mine just hooks up to the grid? Laughing out loud uncontrollably.
Did you read the preliminary report published by Tetra Tech and released in February 2011. All of this information incorporated into that report. There are not any large scale/ high grade open pit mines left on planet earth. That low hanging fruit has been picked. 40 pounds of copper are need to build every car. A hybrid uses 80 pounds. I am assuming Capex for Pebble of $7 billion.
Again, you somehow believe global copper demand should trump everything. Listen, no one is arguing how critical copper, zinc, nickel, moly, silver, platinum, etc. will be for perpetuity. The issue is WHEN, HOW, WHERE the investor will benefit, and WHEN, HOW, WHERE they will see a return.
You seem to the believe the return will be immediate with this, and I'm skeptical because of the facts. Laugh out loud skeptical.