I think they are going to squeeze us little guys out as soon as the expansion is finished. By keeping the price at $29 for a year they can offer $31-$32 and the Delaware courts will approve it.
He owns 51% of Grupo. Last year his net worth was $16.7 Billion.
I might not ever sell it. I've owned it since the early '80's. I'll check my certificates to see the exact date. I bought some more at $27 and change for my IRA.
Looks like SCCO is getting a portion of it's old mine back. Back in the day SCCO had 3 mines in Peru and the Government took one back. Now SCCO is in talks with Anglo American to JV Quellaveco.
650,000 tons but ramping up. By 2017 they will double current production.
Just buy it, tuck it away and enjoy the divvys. I bought it years ago and have never sold a share. (even when it hit $130)
The refinery and the foundry don't really matter much in the grand scheme of things when it comes to mining.