Quite a volatile situation. Stock rallied recently on quite a good quarter and on the prospect that their big Prosperity mine was going to get permitted. Prosperity will create a ton of value for the company but unfortunately, there are a lot of environmental risks. If you are patient, you are going to do okay. With today’s pull back, this is a buying opportunity
In the 5-year timeframe, he’s bullish copper. Near term, he’s concerned. Second-tier copper producer. He likes mines that are among the lowest cost but the highest return of capital. High-quality management, but jury’s still out on it as an investment.
This still has legs. There’s been a break out in the 10-year decline we have seen in base metal prices, which should be positive for all the base metal companies, particularly the Canadian ones which could have by-products of zinc, lead or other things that can bring a fair dollar.
Early on got off side with first nations and that has snowballed. Province wanted mine to go ahead but the environmental studies were not in favour. It’s going to be ugly. Stock could get hit hard tomorrow.
Probably one of the best emerging base metal (mainly copper) producers. Have a project that is waiting for federal approval in Canada to bring in the Prosperity mine. This will ratchet up the company to big time. Expect it will become a takeover target.
You have to be very careful when you find head and shoulders. There is a possibility that this one could become a head and shoulders. Set a stop loss and watch it very carefully.
Quite a volatile situation. Stock rallied recently on quite a good quarter and on the prospect that their big Prosperity mine was going to get permitted. Prosperity will create a ton of value for the company but unfortunately, there are a lot of environmental risks. If you are patient, you are going to do okay. With today’s pull back, this is a buying opportunity