Copper Mountain Mining Corporation T.CMMC

Primary Symbol: CPPMF

Metals & Mining Copper

Copper Mountain Mining Corp is a copper producer, developer and explorer. Copper Mountain's flagship asset is the Copper Mountain mine located in southern British Columbia near the town of Princeton. The Copper Mountain mine produces over 90 million pounds of copper equivalent per year with a large resource that remains open laterally and at depth. The company also has the development stage Eva Copper Project in Queensland, Australia.

OTCPK:CPPMF - Post by User

Copper Mountain Mining Corporation > Why did they hedge so much

<< Previous

Bullboard Posts

Next >>

Comment by savyinvestor333on Apr 26, 2021 9:40am

113 Views

Post# 33065753

RE:RE:Why did they hedge so much

Ok thanks

Rational43 wrote: They bought put options.

That means they spent a bit of cash, but they can guarantee a floor of $3.75, but there is no limit to the upside.

If copper stays above $3.75, the little bit they spent buying put options was wasted.

A better way to hedge because upside is still there.

It was probably a piece of getting more bank financing for Eva.