Shares with High exposure to global copperprices

[Starsky]

Hi All, anyone following the events in CHina regarding copper prices? which JSE stocks are subject prices volastility due to changes in global copper prices ?

[Windy]

BHP have a large copper exposure to international markets

[Mr_Money]

Metorex as well. MTX . Pure copper play

[topgun]

SOH...as manufacturers of copper cables, earnings are highly geared to prices. Check the chart.

[Russ]

Poor Mr.Pan(director).Bought R50 mil worth of shares when the price was 770c,a further R4 mil worth at 218c,and when the share price finally dropped to 90c he only had enough money left for less than R1 mil worth.What a sad story!

[THRESHOLD]

On the JSE ANGLO AMERICAN offers v.good gearing t othe copper price. AT +_65% OF 650000 TONS (EXPANDING TO OVER 1000000 TONS IN THE NEXT 3 OR SO YEARS.) WITH A MARKET CAP OF 380 BIL/430 = 883 720 PER TON THIS IS TWICE THE LEVERAGE OF SAY BILLITON @ 1350000000000/ (1100X75%)= 1636363. METOREX 742500000*4.6 = 3420000000/100000 (NEAR TERM CU EQUIV. WITH AN ADDITIONAL 50 000+ TONS COMING ONLINE IN THE NEXT 3 YEARS OR SO) = 34200 ZAR PER TON OR (27X THE LEVERAGE OF ANGLO) PALABORA COPPER 5100000000/78000 TONS (HER HEDGES HAVE CLOSED ON + POTENTIALLY ANOTHER 20 000 TONS ONCE THESE HEDGES HAVE SETTLES)= 65384 (HALF THE LEVERAGE OF METOREX) (BUT THIS IS ALL COPPER AND DOES NOT INCLUDE COBALT) HER SHARE PRICE COULD MORE THAN DOUBLE ON HER IRON ORE ALONE IF STANDARD BANK'S ASSESSMENT OF THE VALUE OF KUMBA IS CORRECT.) THE ABOVE FIGURES ARE APPROXIMATE.