Inmet Mining (IMN.TO)

HOLD
Copper/zinc producer. Strong balance sheet. His concern one of their primary growth drivers, the Cobre project in Panama. A $6.5 billion plus capital commitment that they are entirely on the hook for. Unsuccessful in farming out a portion of it.
DON'T BUY
Hudbay Minerals (HBM-T) or Inmet Mining (IMN-T)? Hudbay is a little bit too confusing and Inmet is too expensive.
BUY
In a trading range with support at around $40 or so. This one may be good for a reasonable bounce. There is resistance at around $60.
BUY
Has it as an out-perform. Likes it, although he is staying away from the precious metals personally.
DON'T BUY
(Market Call Minute.) Too many moving parts. They’ve got big CapX uncertainties.
HOLD
(Market Call Minute.) Need to find a partner in their Panama project and she doesn't expect this to materialize this year.
BUY
(Market Call Minute) Getting ready for corporate Panama update at the end of the month. Existing production out of Spain and Finland and $25 in cash.
DON'T BUY
He waited and waited for a technical sign but this year it never got strength relative to the TSX. There ill be an opportunity late this year.
DON'T BUY
Base metal mining company. Profitable. Big development project in Panama. Stock market just hates it at the moment. There is a huge amount of scepticism as to how these projects can run away from you and never get a return your investment. Has come off, but just not that cheap. He prefers Capstone Mining (CS-T) where there is a three-year big South American growth project and the CapX is reasonable and the company can hit.
BUY
Just announced that they are going it alone on their big copper mine in Panama. Strip out the cash on their balance sheet, $25 a share, you have a stock trading at $19, think they will earn well over $5 a share this year and this gives you 4X earnings. The stock will get taken out if it stays below $50.
BUY
There are only a handful of miners on the TSX and they are gradually, probably going to disappear. If you are positive like him you should have some exposure in this area. It has bottom and is now starting to turn up.
TOP PICK
The best copper producer in the world. One of the world’s largest deposits coming on stream in 2016. $25 a share in cash on the balance sheet. 5x earnings. Thinks they will get favourable results in Panama and could sell either an interest or the whole company. This is a great entry point and won’t be around very much longer.
PAST TOP PICK
(A Top Pick Oct 5/10. Down 15.23%.) When copper prices go up, this will go up 15% in a heartbeat.
BUY
You have good cyclical bounce here. Probably not a bad time to buy a copper stock.
BUY
Primarily a copper producer. It owns a terrific property in Panama. Major sovereign wealth money behind it. Biggest copper mine in the world. Has had problem getting full production out of the their mine in Spain.
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