Umm.....sorry, but EVERY legitimate study shows that buy and hold (especially in passive index fund investments) will beat the voodoo....yes, I said it.....of charting over the long run by a HUGE margin every time. And buy and hold applied to a well-diversified selection of individual stocks will do almost as well as those lovely index funds. FCX happens to be one of the selections in my portfolio, and this chicken little oil scare is when I've chosen to buy -- and hold -- for the long run.
Good luck to you too.....it appears we both have patience, which is probably the most important investing virtue. I don't hear a lot of reports about Buffett getting exasperated that his new investments aren't making a killing yet.
You mentioned the debt, but left out their cash on hand (the other side of the balance sheet), which improves the enterprise value to a more value-oriented $9.85 billion.