Hi everyone,
We have now the best kind of outlook EQN could dream off with copper prices once again rising strongly and now over the $3.50 / lb.
And EQN is ramping up and hopes to achieve the 300M/lb copper production for 2010 and even higher for 2011.
This will bring in a huge amount of cash into the coffers of EQN.
Just do the summs yourself 300M pounds of copper x $3.50 gives us more then $1Billion!!!
The company itself is no worth $3 Billion in total with todays shareprice of around the $4.12!!!
The Cash cost of producting this 300M pounds of copper is around the $1.35/lb and falling.
We are a BARGAIN right now with production increasing once again in 2011 and a lower cash cost attached to it.
Next to the copper we have also a mountain of Uranium that is being stockpiled at the moment and waiting for its value to be unlocked with the future construction of a Uranium plant.
I will stick my head out and predict, if all goes well on the production side, and the price of copper stays strong, we WILL SEE EQN DOUBLE IN SHAREPRICE WITHIN 12 MONTHS.
But please do YOUR OWN RESEARCH as this is my opinion only.
good luck to all
And remember I think we will have this high price environment with us for at least a decade with some hick-ups along the way.
Not to forget that a TAKE-OVER scenario is still VERY MUCH ON THE CARDS
jojo
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