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Gold/Mining/Energy : Copper Fox

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To: mudguy who wrote (9404)4/1/2015 11:18:43 AM
From: mudguy3 Recommendations

Recommended By
CanadaGrant
Tap66
Underhill69

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I see sp is down 3 cents (11%), not the kind of move that encourages jumping in or some kind of basing. Even though the chart was looking good prior to this big run, it could easily slip back to the low teens or lower.

The fundamentals suggest that this company is not worth $100M+. The main project is on the shelf and the rumours with Teck are consistent with a sensible acquisition or JV to increase production immediately. Greenfields, high capex, low IRR projects are understandably a low priority. The other projects have yet to realize any documented value- just copper in the ground and worthless until someone demonstrates an economic viability.
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