I have had a good look at CUO and followed it up during the copper boom. I was a little cold on copper after the copper price fell, but feel there is still fundamental demand with the price drop partly due to China playing with the market. However I am keeping a close eye on Kitco.
The biggest risk is getting the finance, which CUO has nailed. The finance instro's go through the numbers such as mining cost, mineral assets and setting up production. Cutting through the smoke and mirrors of the ASX announcements . The lenders are not going to lend money on a risky call. For example BTV and URL were knocked back,
The current SP is sitting on a support line which is similar price to the share placement, which was to increase production and double the NPV. Which at the current copper price is around $1.50 per share, so plenty of upside guys.
CUO
copperco limited
