Rand copper price trading well above its 180 day moving average, so plenty of upside potential still on copper prices. Production for 2010 was already down 17% because of technical faults, so production could also surprise to the upside. There is still a 5% dividend to be paid (at current prices) and PE sits at 11. Analysts are forecasting EPS for June, which even at a 9 times PE - puts this stock at a target price of around 240 per share. Seems like nobody wants to sell - so the stock keeps climing.