Two copper stocks; Caravel and Somerset

Two copper stocks; Caravel and Somerset

As I said a couple of weeks ago, the market would be unable to sustain the enthusiasm for much more than a week or two. Everything was going up on hot air, with rare earth stocks being the worst offenders. History has repeated itself and we have entered a period of better sanity and correction. Coincidently, gold has decided to take a breather and gold company share prices have come off, through at these levels the gold mines should still be enormously profitable.

This week are taking a look at some copper stocks while we wait for the dust to settle on other resource sectors. We have revisited Caravel, a large, low grade project in WA that is undergoing feasibility studies. At the other end of the scale we introduce a new explorer, Somerset Minerals, operating in northern Canada.