im not that bullish on copper in the short term, but they have got more than enough copper production hedged to cover their costs for the next 2 years... copper price should be fine in 2 years time...
at current prices the company is almost priced to fail... i guess the market has MASSIVE concerns about the debt refinancing and also its views on copper in 2 years time...
personally i think the market has got it wrong and CUO is severely undervalued, but if ive learnt anything, the market is right more often than not...
CUO Price at posting:
10.5¢ Sentiment: Buy Disclosure: Not Held
