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Gold/Mining/Energy : Copper Fox
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To: Tap66 who wrote (10168)4/25/2016 1:02:20 PM
From: mudguy2 Recommendations

Recommended By
dsikorsk
Tap66

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It is a development company with a bit of exploration still ongoing, so the normal metrics of valuation are not really indicative.

Based on where they are now, I could see a $5B market cap if everything comes into play. That would be a below-industry multiple. They have top-tier management, cash to advance, and they have deep-pocketed partners from Japan and China.

Kamoa alone has 44B lbs of Cu at a grade of c. 2.3%. They have identified new units where the grade is even higher that they are doing "accelerated drilling" on.

Kapushi is almost certainly the richest Zn deposit known. They call the deposit "Big Zinc", but the numbers are astounding.

This is a company that knows how to create value. I don't think it is a short term gain (notwithstanding the possibility of a pop on news), but I think I will probably sell my shares at multiples from here. As Louel points out, waiting for IVN is a very different prospect compared to waiting for CUU. In every conceivable way.
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