Opinions
Lesley Marks
Quadra FNX Mining Ltd
QUX-T
DON'T BUY
Mar 09, 2011
Has everything you would want in a stock right now. Copper, right jurisdictions. Problem is operation results. Great stock to own in between results. Over next 18 months she would like to see a joint venture on that asset to confirm it has a future value. Wants to see more consistency with this company.
$13.160
Stock price when the opinion was issued
metal mines
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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.
metal mines
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.
metal mines