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<style>

</style>

<div id="fig_el41771fbf15ae-053b-43ae-8412-df87dbe0755a147530960"></div>
<script>
function mpld3_load_lib(url, callback){
  var s = document.createElement('script');
  s.src = url;
  s.async = true;
  s.onreadystatechange = s.onload = callback;
  s.onerror = function(){console.warn("failed to load library " + url);};
  document.getElementsByTagName("head")[0].appendChild(s);
}

if(typeof(mpld3) !== "undefined" && mpld3._mpld3IsLoaded){
   // already loaded: just create the figure
   !function(mpld3){
       
    mpld3.register_plugin("htmltooltip", HtmlTooltipPlugin);
    HtmlTooltipPlugin.prototype = Object.create(mpld3.Plugin.prototype);
    HtmlTooltipPlugin.prototype.constructor = HtmlTooltipPlugin;
    HtmlTooltipPlugin.prototype.requiredProps = ["id"];
    HtmlTooltipPlugin.prototype.defaultProps = {labels:null,
                                                target:null,
                                                hoffset:0,
                                                voffset:10,
                                                targets:null};
    function HtmlTooltipPlugin(fig, props){
        mpld3.Plugin.call(this, fig, props);
    };

    HtmlTooltipPlugin.prototype.draw = function(){
        var obj = mpld3.get_element(this.props.id);
        var labels = this.props.labels;
        var targets = this.props.targets;
        var tooltip = d3.select("body").append("div")
            .attr("class", "mpld3-tooltip")
            .style("position", "absolute")
            .style("z-index", "10")
            .style("visibility", "hidden");

        obj.elements()
            .on("mouseover", function(d, i){
                tooltip.html(labels[i])
                    .style("visibility", "visible");
            })
            .on("mousemove", function(d, i){
                tooltip
                .style("top", d3.event.pageY + this.props.voffset + "px")
                .style("left",d3.event.pageX + this.props.hoffset + "px");
            }.bind(this))
            .on("mousedown.callout", function(d, i){
                window.open(targets[i],"_blank");
            })
            .on("mouseout", function(d, i){
                tooltip.style("visibility", "hidden");
            });
    };
    
    mpld3.register_plugin("htmltooltip", HtmlTooltipPlugin);
    HtmlTooltipPlugin.prototype = Object.create(mpld3.Plugin.prototype);
    HtmlTooltipPlugin.prototype.constructor = HtmlTooltipPlugin;
    HtmlTooltipPlugin.prototype.requiredProps = ["id"];
    HtmlTooltipPlugin.prototype.defaultProps = {labels:null,
                                                target:null,
                                                hoffset:0,
                                                voffset:10,
                                                targets:null};
    function HtmlTooltipPlugin(fig, props){
        mpld3.Plugin.call(this, fig, props);
    };

    HtmlTooltipPlugin.prototype.draw = function(){
        var obj = mpld3.get_element(this.props.id);
        var labels = this.props.labels;
        var targets = this.props.targets;
        var tooltip = d3.select("body").append("div")
            .attr("class", "mpld3-tooltip")
            .style("position", "absolute")
            .style("z-index", "10")
            .style("visibility", "hidden");

        obj.elements()
            .on("mouseover", function(d, i){
                tooltip.html(labels[i])
                    .style("visibility", "visible");
            })
            .on("mousemove", function(d, i){
                tooltip
                .style("top", d3.event.pageY + this.props.voffset + "px")
                .style("left",d3.event.pageX + this.props.hoffset + "px");
            }.bind(this))
            .on("mousedown.callout", function(d, i){
                window.open(targets[i],"_blank");
            })
            .on("mouseout", function(d, i){
                tooltip.style("visibility", "hidden");
            });
    };
    
    mpld3.register_plugin("htmltooltip", HtmlTooltipPlugin);
    HtmlTooltipPlugin.prototype = Object.create(mpld3.Plugin.prototype);
    HtmlTooltipPlugin.prototype.constructor = HtmlTooltipPlugin;
    HtmlTooltipPlugin.prototype.requiredProps = ["id"];
    HtmlTooltipPlugin.prototype.defaultProps = {labels:null,
                                                target:null,
                                                hoffset:0,
                                                voffset:10,
                                                targets:null};
    function HtmlTooltipPlugin(fig, props){
        mpld3.Plugin.call(this, fig, props);
    };

    HtmlTooltipPlugin.prototype.draw = function(){
        var obj = mpld3.get_element(this.props.id);
        var labels = this.props.labels;
        var targets = this.props.targets;
        var tooltip = d3.select("body").append("div")
            .attr("class", "mpld3-tooltip")
            .style("position", "absolute")
            .style("z-index", "10")
            .style("visibility", "hidden");

        obj.elements()
            .on("mouseover", function(d, i){
                tooltip.html(labels[i])
                    .style("visibility", "visible");
            })
            .on("mousemove", function(d, i){
                tooltip
                .style("top", d3.event.pageY + this.props.voffset + "px")
                .style("left",d3.event.pageX + this.props.hoffset + "px");
            }.bind(this))
            .on("mousedown.callout", function(d, i){
                window.open(targets[i],"_blank");
            })
            .on("mouseout", function(d, i){
                tooltip.style("visibility", "hidden");
            });
    };
    
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"h_anchor": "middle", "v_baseline": "hanging", "rotation": -0.0, "fontsize": 10.0, "color": "#000000", "alpha": 1, "zorder": 3, "id": "el4177a44d9804-0973-40ed-8499-2c77bf5b6c65"}, {"text": "Debt-Financed Capex Share (median of \u0394Debt / \u0394Capex)", "position": [-0.05483371081177732, 0.5], "coordinates": "axes", "h_anchor": "middle", "v_baseline": "auto", "rotation": -90.0, "fontsize": 10.0, "color": "#000000", "alpha": 1, "zorder": 3, "id": "el417728d79063-f0a5-48d0-95e9-a87889ef7fa8"}, {"text": "Debt vs. Capex Financing \u2014 44 Copper-Linked Outperformers", "position": [0.5, 1.0139755893040157], "coordinates": "axes", "h_anchor": "middle", "v_baseline": "auto", "rotation": -0.0, "fontsize": 12.0, "color": "#000000", "alpha": 1, "zorder": 3, "id": "el417794f38e44-6eaf-47aa-b913-c2f42a46ca91"}, {"text": "DFS Buckets", "position": [1.052089215469237, 0.9722351625826889], "coordinates": "axes", "h_anchor": "start", "v_baseline": "auto", "rotation": -0.0, "fontsize": 10.0, "color": "#000000", "alpha": 1, "zorder": 1000003.0, "id": "el4177919e64ac-f14b-4239-8bb1-c4fd5c024ff2"}, {"text": "DFS < 0.40", "position": [1.0881164109463073, 0.9371098481319297], "coordinates": "axes", "h_anchor": "start", "v_baseline": "auto", "rotation": -0.0, "fontsize": 10.0, "color": "#000000", "alpha": 1, "zorder": 1000003.0, "id": "el41770c07e42b-4bfa-4391-a602-c9cf28041584"}, {"text": "0.40\u20130.60", "position": [1.0881164109463073, 0.9019845336811703], "coordinates": "axes", "h_anchor": "start", "v_baseline": "auto", "rotation": -0.0, "fontsize": 10.0, "color": "#000000", "alpha": 1, "zorder": 1000003.0, "id": "el4177456aa511-f099-499b-8af0-1fd02879e101"}, {"text": "\u2265 0.60", "position": [1.0881164109463073, 0.8668592192304109], "coordinates": "axes", "h_anchor": "start", "v_baseline": "auto", "rotation": -0.0, "fontsize": 10.0, "color": "#000000", "alpha": 1, "zorder": 1000003.0, "id": "el41770fd836c6-f997-49b9-be66-12c770a27162"}], "collections": [{"offsets": 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}else if(typeof define === "function" && define.amd){
   // require.js is available: use it to load d3/mpld3
   require.config({paths: {d3: "https://d3js.org/d3.v5"}});
   require(["d3"], function(d3){
      window.d3 = d3;
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    HtmlTooltipPlugin.prototype.requiredProps = ["id"];
    HtmlTooltipPlugin.prototype.defaultProps = {labels:null,
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                                                hoffset:0,
                                                voffset:10,
                                                targets:null};
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    };

    HtmlTooltipPlugin.prototype.draw = function(){
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        var labels = this.props.labels;
        var targets = this.props.targets;
        var tooltip = d3.select("body").append("div")
            .attr("class", "mpld3-tooltip")
            .style("position", "absolute")
            .style("z-index", "10")
            .style("visibility", "hidden");

        obj.elements()
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                    .style("visibility", "visible");
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            .on("mousemove", function(d, i){
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            .on("mousedown.callout", function(d, i){
                window.open(targets[i],"_blank");
            })
            .on("mouseout", function(d, i){
                tooltip.style("visibility", "hidden");
            });
    };
    
    mpld3.register_plugin("htmltooltip", HtmlTooltipPlugin);
    HtmlTooltipPlugin.prototype = Object.create(mpld3.Plugin.prototype);
    HtmlTooltipPlugin.prototype.constructor = HtmlTooltipPlugin;
    HtmlTooltipPlugin.prototype.requiredProps = ["id"];
    HtmlTooltipPlugin.prototype.defaultProps = {labels:null,
                                                target:null,
                                                hoffset:0,
                                                voffset:10,
                                                targets:null};
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        mpld3.Plugin.call(this, fig, props);
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    HtmlTooltipPlugin.prototype.draw = function(){
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        var labels = this.props.labels;
        var targets = this.props.targets;
        var tooltip = d3.select("body").append("div")
            .attr("class", "mpld3-tooltip")
            .style("position", "absolute")
            .style("z-index", "10")
            .style("visibility", "hidden");

        obj.elements()
            .on("mouseover", function(d, i){
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                    .style("visibility", "visible");
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                tooltip
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                .style("left",d3.event.pageX + this.props.hoffset + "px");
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                window.open(targets[i],"_blank");
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            .on("mouseout", function(d, i){
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    mpld3.register_plugin("htmltooltip", HtmlTooltipPlugin);
    HtmlTooltipPlugin.prototype = Object.create(mpld3.Plugin.prototype);
    HtmlTooltipPlugin.prototype.constructor = HtmlTooltipPlugin;
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                                                voffset:10,
                                                targets:null};
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        var labels = this.props.labels;
        var targets = this.props.targets;
        var tooltip = d3.select("body").append("div")
            .attr("class", "mpld3-tooltip")
            .style("position", "absolute")
            .style("z-index", "10")
            .style("visibility", "hidden");

        obj.elements()
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                    .style("visibility", "visible");
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            .on("mousemove", function(d, i){
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                .style("left",d3.event.pageX + this.props.hoffset + "px");
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            .on("mousedown.callout", function(d, i){
                window.open(targets[i],"_blank");
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            .on("mouseout", function(d, i){
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      });
    });
}else{
    // require.js not available: dynamically load d3 & mpld3
    mpld3_load_lib("https://d3js.org/d3.v5.js", function(){
         mpld3_load_lib("https://mpld3.github.io/js/mpld3.v0.5.11.js", function(){
                 
    mpld3.register_plugin("htmltooltip", HtmlTooltipPlugin);
    HtmlTooltipPlugin.prototype = Object.create(mpld3.Plugin.prototype);
    HtmlTooltipPlugin.prototype.constructor = HtmlTooltipPlugin;
    HtmlTooltipPlugin.prototype.requiredProps = ["id"];
    HtmlTooltipPlugin.prototype.defaultProps = {labels:null,
                                                target:null,
                                                hoffset:0,
                                                voffset:10,
                                                targets:null};
    function HtmlTooltipPlugin(fig, props){
        mpld3.Plugin.call(this, fig, props);
    };

    HtmlTooltipPlugin.prototype.draw = function(){
        var obj = mpld3.get_element(this.props.id);
        var labels = this.props.labels;
        var targets = this.props.targets;
        var tooltip = d3.select("body").append("div")
            .attr("class", "mpld3-tooltip")
            .style("position", "absolute")
            .style("z-index", "10")
            .style("visibility", "hidden");

        obj.elements()
            .on("mouseover", function(d, i){
                tooltip.html(labels[i])
                    .style("visibility", "visible");
            })
            .on("mousemove", function(d, i){
                tooltip
                .style("top", d3.event.pageY + this.props.voffset + "px")
                .style("left",d3.event.pageX + this.props.hoffset + "px");
            }.bind(this))
            .on("mousedown.callout", function(d, i){
                window.open(targets[i],"_blank");
            })
            .on("mouseout", function(d, i){
                tooltip.style("visibility", "hidden");
            });
    };
    
    mpld3.register_plugin("htmltooltip", HtmlTooltipPlugin);
    HtmlTooltipPlugin.prototype = Object.create(mpld3.Plugin.prototype);
    HtmlTooltipPlugin.prototype.constructor = HtmlTooltipPlugin;
    HtmlTooltipPlugin.prototype.requiredProps = ["id"];
    HtmlTooltipPlugin.prototype.defaultProps = {labels:null,
                                                target:null,
                                                hoffset:0,
                                                voffset:10,
                                                targets:null};
    function HtmlTooltipPlugin(fig, props){
        mpld3.Plugin.call(this, fig, props);
    };

    HtmlTooltipPlugin.prototype.draw = function(){
        var obj = mpld3.get_element(this.props.id);
        var labels = this.props.labels;
        var targets = this.props.targets;
        var tooltip = d3.select("body").append("div")
            .attr("class", "mpld3-tooltip")
            .style("position", "absolute")
            .style("z-index", "10")
            .style("visibility", "hidden");

        obj.elements()
            .on("mouseover", function(d, i){
                tooltip.html(labels[i])
                    .style("visibility", "visible");
            })
            .on("mousemove", function(d, i){
                tooltip
                .style("top", d3.event.pageY + this.props.voffset + "px")
                .style("left",d3.event.pageX + this.props.hoffset + "px");
            }.bind(this))
            .on("mousedown.callout", function(d, i){
                window.open(targets[i],"_blank");
            })
            .on("mouseout", function(d, i){
                tooltip.style("visibility", "hidden");
            });
    };
    
    mpld3.register_plugin("htmltooltip", HtmlTooltipPlugin);
    HtmlTooltipPlugin.prototype = Object.create(mpld3.Plugin.prototype);
    HtmlTooltipPlugin.prototype.constructor = HtmlTooltipPlugin;
    HtmlTooltipPlugin.prototype.requiredProps = ["id"];
    HtmlTooltipPlugin.prototype.defaultProps = {labels:null,
                                                target:null,
                                                hoffset:0,
                                                voffset:10,
                                                targets:null};
    function HtmlTooltipPlugin(fig, props){
        mpld3.Plugin.call(this, fig, props);
    };

    HtmlTooltipPlugin.prototype.draw = function(){
        var obj = mpld3.get_element(this.props.id);
        var labels = this.props.labels;
        var targets = this.props.targets;
        var tooltip = d3.select("body").append("div")
            .attr("class", "mpld3-tooltip")
            .style("position", "absolute")
            .style("z-index", "10")
            .style("visibility", "hidden");

        obj.elements()
            .on("mouseover", function(d, i){
                tooltip.html(labels[i])
                    .style("visibility", "visible");
            })
            .on("mousemove", function(d, i){
                tooltip
                .style("top", d3.event.pageY + this.props.voffset + "px")
                .style("left",d3.event.pageX + this.props.hoffset + "px");
            }.bind(this))
            .on("mousedown.callout", function(d, i){
                window.open(targets[i],"_blank");
            })
            .on("mouseout", function(d, i){
                tooltip.style("visibility", "hidden");
            });
    };
    
                 mpld3.draw_figure("fig_el41771fbf15ae-053b-43ae-8412-df87dbe0755a147530960", {"width": 1100.0, "height": 650.0, "axes": [{"bbox": [0.041111111111111126, 0.05957264957264963, 0.5931616161616163, 0.9173504273504273], "xlim": [-0.03549569999999999, 1.6613357], "ylim": [-7.659379425, 7.818157925], "xdomain": [-0.03549569999999999, 1.6613357], "ydomain": [-7.659379425, 7.818157925], "xscale": "linear", "yscale": "linear", "axes": [{"position": "bottom", "nticks": 11, "tickvalues": null, "tickformat_formatter": "", "tickformat": null, "scale": "linear", "fontsize": 10.0, "grid": {"gridOn": true, "color": "#B0B0B0", "dasharray": "2,2", "alpha": 1.0}, "visible": true}, {"position": "left", "nticks": 9, "tickvalues": null, "tickformat_formatter": "", "tickformat": null, "scale": "linear", "fontsize": 10.0, "grid": {"gridOn": true, "color": "#B0B0B0", "dasharray": "2,2", "alpha": 1.0}, "visible": true}], "axesbg": "#FFFFFF", "axesbgalpha": null, "zoomable": true, "id": "el4177c85f9b40-2bc2-4ec2-aa0a-25f819380b34", "lines": [{"data": "data01", "xindex": 0, "yindex": 1, "coordinates": "display", "id": "el4177144d3931-5529-4a77-9661-f627610b8f19", "color": "#1F77B4", "linewidth": 1.0, "dasharray": "6,6", "alpha": 1, "zorder": 2, "drawstyle": "default"}, {"data": "data01", "xindex": 0, "yindex": 2, "coordinates": "display", "id": "el417716aa94ee-751a-48c6-85cf-e84f67a0823c", "color": "#1F77B4", "linewidth": 1.0, "dasharray": "6,6", "alpha": 1, "zorder": 2, "drawstyle": "default"}], "paths": [{"data": "data06", "xindex": 0, "yindex": 1, "coordinates": "axes", "pathcodes": ["M", "L", "S", "L", "S", "L", "S", "L", "S", "Z"], "id": "el417709e5e552-e507-4926-ab16-5d158e5c5621", "dasharray": "none", "alpha": 0.8, "facecolor": "rgba(255, 255, 255, 0.8)", "edgecolor": "rgba(204, 204, 204, 0.8)", "edgewidth": 1.0, "zorder": 1000000.0}], "markers": [], "texts": [{"text": "Debt to Equity (latest)", "position": [0.5, -0.049100903754774994], "coordinates": "axes", "h_anchor": "middle", "v_baseline": "hanging", "rotation": -0.0, "fontsize": 10.0, "color": "#000000", "alpha": 1, "zorder": 3, "id": "el4177a44d9804-0973-40ed-8499-2c77bf5b6c65"}, {"text": "Debt-Financed Capex Share (median of \u0394Debt / \u0394Capex)", "position": [-0.05483371081177732, 0.5], "coordinates": "axes", "h_anchor": "middle", "v_baseline": "auto", "rotation": -90.0, "fontsize": 10.0, "color": "#000000", "alpha": 1, "zorder": 3, "id": "el417728d79063-f0a5-48d0-95e9-a87889ef7fa8"}, {"text": "Debt vs. Capex Financing \u2014 44 Copper-Linked Outperformers", "position": [0.5, 1.0139755893040157], "coordinates": "axes", "h_anchor": "middle", "v_baseline": "auto", "rotation": -0.0, "fontsize": 12.0, "color": "#000000", "alpha": 1, "zorder": 3, "id": "el417794f38e44-6eaf-47aa-b913-c2f42a46ca91"}, {"text": "DFS Buckets", "position": [1.052089215469237, 0.9722351625826889], "coordinates": "axes", "h_anchor": "start", "v_baseline": "auto", "rotation": -0.0, "fontsize": 10.0, 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