Brings to mind the classic phrase - "given enough of a howling tailwind, even turkeys can soar like an eagle."
Agree - massive upside and huge leverage to elevated copper prices, I'm not sticking around too long to find out if they can execute this to completion, but if the price of copper continues to rise then even this operation will be pooping out profits. After the share price doing nothing for years this is the C6C "goldilocks" moment, as long as Covid keeps South American copper supply down, copper demand stays high, other supplies fail to come online to the market, trade wars don't tank metal prices, oil prices don't rise, and other input costs like labor and CDN$/US$ exchange rates don't do anything silly and they can execute the mine expansion without any technical hitches then this is a good time to be holding C6C.
Brings to mind the classic phrase - "given enough of a howling...
Add to My Watchlist
What is My Watchlist?