recent 30 percent jump, page-2

This was a post I found on another share forum today and may explain the recent jump


"This was in a note from Fat Prophets to non-member newsletter subscribers.... yesterday....

This Queensland Copper Miner Is A Buy At 52 Cents

For example, let's look at one of the companies in the Fat Prophets Mining & Resources portfolio*.

The company is called Copper Strike (CSE).

We initially recommended that Members buy the shares back in December 2005 at 16.5 cents. They ended last week at 37 cents, giving members who bought at the time of our initial recommendation a 124%* profit in a little over 18 months. By anyone's calculation, that sort of return is impressive.

But that only tells half of the share price story. After our initial recommendation, the share price was basically treading water, and by October 2006, the shares were still only 19 cents.

Then things started to get even more exciting, culminating in the shares peaking at 79 cents in June 2007. At that level, Fat Prophets Mining & Resources Members were sitting on a paper profit of a stunning 379%*!

We last looked at the shares in May 2007, when they traded at 52 cents. We concluded that report by saying "for Members with no current exposure we recommend the stock as a Buy around 52 cents."

Here's what else we've had to say about Copper Strike…

The latest drilling results are spectacular from an exploration perspective and important from a development point of view, as they almost certainly support the viability of a regional base metals development.

Recent board and management changes are significant. Potts was appointed to the board in February. He is a mining engineer with abundant development and production expertise. Peter Buckle was also appointed as Chief Geologist. He has enormous base metals experience in Queensland.

What differentiates Copper Strike from most of its peers in the junior copper sector is its heavy exploration focus, geared around attaining production status as quickly as possible. Many of its sector peers with much bigger market values appear content to spend most of their corporate lives as explorers, uncertain or unable to make the transition to producer status.

Copper Strike's market capitalization of just $33 million is still very modest when compared to most of its Queensland copper peers, some of which have market values up to five times that of Copper Strike.
We've closely followed Copper Strike for some time now, even going as far as to meet Managing Director Tom Eadie in May 2006. In short, we think the company is very well positioned from development, exploration, management and valuation perspectives, a unique and compelling combination."