Michael Giordano Thompson Creek Metals Co TC-N DON'T BUY Jun 29, 2012

One of the larger pure play moly producers. Recently acquired Mount Milligan, a British Columbian mine. Thinks the stock price is so low because they overpaid for this asset. Mount Milligan is going to cost over $1 billion to get up and running. Had challenges raising the money so came out with some sort of hybrid equity issue which the market didn’t like. Stock is fairly valued here.