Stock price when the opinion was issued
It has bought Copper Mountain at a discount to the stock price. His comments were more general in nature and related to companies that mine copper. Global copper inventories are heading down and could be negative by August. This could lead to a big uptick in copper prices so don't sell your copper stocks.
The chart on copper is very early. The commodity cycle seems to be getting its footing. A lot of this has to do with China. Still pretty early. There is a strong earnings revision cycle, especially on something that can be is highly torqued as minerals.