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Opinions

John Stephenson Quadra FNX Mining Ltd QUX-T HOLD Feb 13, 2012

Have entered into a memorandum of understanding with First Nation and he thinks the deal will go through. There will be another bidder surfacing. If you own, wait for the deal to close and you will be rewarded for it.

John Stephenson

Unknown

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$14.970

Stock price when the opinion was issued

metal mines

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BUY

Good way to get exposure to copper. Has hung in quite well in spite of the market. As the market starts to recover, it will do well and will attract some money.

BUY

Likes copper. Just signed a deal with China. Looks undervalued to him. Market does not want to pay up for these metal stocks. If you believe the Asia story goes on for decades, then you have to own these. You have to hold metals long term.

STRONG BUY

Cheap at .5 to NAV. Had a number of issues in Q1. Just started up a mine in Sudbury that seems to be looking quite good. Also had a couple of issues in Arizona but looks like that is behind them. Joint venture with Sumitomo on the Sierra Gorda project in Chile. Have done quite a few things to de-risk projects.

COMMENT

Most base metals stocks have seasonality from October to the end of the year and also from February to May. Didn't work out for this stock in February. Bottomed around $12.75 but there is resistance around $17.80. If stock goes up towards $17.80 in the next 3 weeks, it would be an opportunity to take some profits.

PAST TOP PICK

(A Top Pick Sept 09/09. Down 6.24%.) Still buying.

DON'T BUY

The type of stock that can suffer when we uncertainties around the world.

STRONG BUY

Likes it here. Struggle with mine openings and stock got hit here. There is now great growth here. Well diversified and lots of domestic project. Could easily be a double in the batter market.

HOLD

Being acquired at $15 a share. The market seems to be indicating there will be another bid, but given the environment, she doesn't think there will be. The odds are about 50/50 so if you own, she would hold for a better bid but if they got to $16 she would sell.

COMMENT

Being acquired by KGHM out of Warsaw at $15 a share. His experience has been that if you are fortunate enough to be in the stock is being taken over is to take your money and run.

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John Stephenson Quadra FNX Mining Ltd QUX-T HOLD Feb 13, 2012

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