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<p>[QUOTE=&quot;medoraman, post: 1381425, member: 26302&quot;]Its the second one that really has the most firm validity. Mining is very energy intensive, so long term the value of PM is a function of energy costs. In a way you can consider PM to be &quot;condensed energy&quot; in a way. Since this creates your incremental costs for production, long term it will provide you your base in pricing absent major market actions.</p><p><br /></p><p>Not saying your first part is invalid sir, I am just pointing out why the second part was critical to understand.[/QUOTE]</p><p><br /></p>

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