North Miami, Florida (PressExposure) March 30, 2009 -- Sources close to "Sun Worldwide" suggest that the private fund remains eminently bullish on the outlook for mining stocks in light of renewed and persistent commitment from global governments to fund large infrastructure projects as a means of creating jobs in their beleaguered economies.
"Sun Worldwide", who have consistently populated their conviction buy lists with the names of well-capitalized miners with low debt to capital ratios, believe that the efforts being made by China and the US to improve or build upon existing infrastructure within their borders will see demand for base metals such as copper and zinc rise steadily.
The base metals complex suffered heavy price declines as the global slowdown saw demand for commodities being reigned in along with crude oil.
As more bullish news has emerged from China and in the wake of the Obama administration's success in passing its $780bn stimulus package, metals and the miners producing them have slowly ground their way higher.
"Sun Worldwide" have advised clients to continue to acquire the stocks on pullbacks in equity prices and to hold them for long-term profitability.