OTCPK:CPPMF - Post by User
Post by
Pat123on Feb 07, 2021 5:00pm
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Post# 32496866
What CMMC could do to push the stock price at $4+
What CMMC could do to push the stock price at $4+The main reason why the stock is undervalued is the Eva project. With the company already heavily in debt, investors are nervous by this project. We are talking $400M usd in capital to develop this. The fact that the CEO is expressing desire to explore EVA has the dominant player and with only a minor partner is not what investors want to hear.
CMMC bought that property at the right time and now it's time to take advantage and sell. Take the huge gain to finance the 65ktpd expansion in BC. Otherwise, they could make a joint venture with a major partner.
Look at Copper prices over 20, 50 and 100 years, the price never stay high for a long period.
Imagine if copper price is relaxing back to the 2.80-3.00 and the company has 1B in debt, it could put them at risk seriously.
On Feb 16th, results are going to be stellar. I just hope management won't dampen the reaction by announcing poor decision financing.
Good luck