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C6C copper mountain mining corporation

0.00%

$2.79

got my first parcel at 1.76 today. should be a great part of the...

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JabbaDaHutt

1,807 Posts.

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13/07/22

12:46

Post #: 62513860
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Originally posted by hanktanson: ↑

i read the financial statements and I see a good business making lots of money. It’s got debt, but that is due in a few years. It should be debt free if it sells Eva. Hopefully they sell it and maintain a royalty. Copper mountain itself is low cost and a simple operation. It has a very long mine life and I think we’ll have an announcement within the next few months that will be a big extension of that already very long mine life. I would rather have bought at $2 than at $4, but as long as there are no big mine problems, this mine will generate a lot of money. Hopefully managed uses the money to pay us big dividends once the debt is down. Also for 2022, 40% or so of their copper production is contracted to be bought at at least $4 usd per pound. That’s around $220 million AUD of contracted sales

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got my first parcel at 1.76 today. should be a great part of the portfolio for the next decade

C6C Price at posting: $1.76 Sentiment: Buy Disclosure: Held
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got my first parcel at 1.76 today. should be a great part of the...

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