Unlike the big oil companies, Freeport-McMoRan (FCX) is already solidly cash flow positive. By cutting the dividend and participating in the tough to mine copper market, the equation is completely flipped in the miners favor. Based on the following prices of copper, the company will generate huge EBITDA and operating cash flows. With only about $1.8 billion in capital spending, cash if flowing into their coffers. In comparison, Chevron (CVX) hasn't cut the dividend and isn't creating the cash flows to cover the dividend yet. Which stock would you rather own?Disclosure: Long FCX