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Gold/Mining/Energy : Copper Mountain Mining Corporation (CUM.TO) -Toronto
CPPMF 0.170-1.7%2:56 PM EST

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From: E_K_S6/11/2012 7:52:52 PM
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Copper Mountain Mining Corporation (CUM.TO)

As of 6/11/2012: 4.02 0.02(0.50%) 3:59PM EDT
cumtn.com

From their Web Site:

Canada's Newest Mid Tier Copper ProducerCopper Mountain Mining Corporation (TSX:CUM) is a Canadian based, high growth mining company focused on adding value through successful exploration, project development, efficient operations, and opportunistic acquisitions. Maintaining a low risk profile through project diversification, astute financial management and operating in secure jurisdictions are key priorities for Copper Mountain's Management team.Copper Mountain's main asset is the 75% owned Copper Mountain mine located in southern British Columbia. The Company has a strategic alliance with Mitsubishi Materials Corporation who own the remaining 25%. The 18,000 acre mine site has a resource of approximately 5 billion pounds of copper. The Copper Mountain Mine commenced production in the summer of 2011 and is Canada's newest major copper producer with mill throughput of 35,000 TPD. The average annual production target is approximately 100 million pounds of copper with gold and silver credits.


According to their WEB site, company is actually now producing. Could be a good one to hold once the commodity sell off is finished. Recession/depression and a Japan type 10 year recovery may see this one back to $1.00/share (last around $4.00). However if/when another upside recovery begins, this one may be a good one to own. There is a lot of value in the ground at their 18,000 acre mine site.

I have added this one on my watch list.

EKS
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