It appear that more accumulation is occurring now that production has satisfactorily commenced. I think what investors probably like about this stock is
1. It is a pure copper play 2. It has very good management that deliver what they promise 3. The mining is from simple, multiple source open pits and low cost SXEW cathode production process 4. There is already planned expansion to significantly higher levels of production within 2 years from easily scalable operation. 5. Mostly unhedged to copper price 6. Exploration potential is excellent and new reserves being proved up with anticipated upgrades imminent 7. Australian producer so no country risk
Quite cheap on cash flow multiple basis...with plenty of upside from production growth and copper price rises
Regards DF
CUO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held