No I think that if exchange rates start to favour the Canadians over the US, then this will be a great thing to get the debt down. Note the copper price acts as a hedge against a falling Canadian dollar, but the benefits of a higher CAD outweigh the other at this point in time. Looking at a P/E of less than 5 if these prices hold for a while, although that doesn’t mean a translation to cash, rather capitalised expenditure.
C6C Price at posting:
85.0¢ Sentiment: Buy Disclosure: Held
