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Capstone Copper Corp T.CS

Alternate Symbol(s):  CSCCF

Capstone Copper Corp. is a copper producer operating in the Americas. It is engaged in the production of and exploration of base metals in the United States (US), Mexico, and Chile, with a focus on copper. The Company, through a wholly owned Chilean subsidiary, Mantos Copper S.A., owns and operates the Mantos Blancos mine, located 45 kilometers (km) northeast of Antofagasta, Chile and the 70%-owned Mantoverde mine, through a subsidiary, Mantoverde S.A., located 50 km southeast of Chanaral, Chile. It owns and operates the Pinto Valley mine located in Arizona, US, Cozamin mine located in Zacatecas, Mexico, and has a portfolio of exploration properties in Mexico. It also holds the fully permitted Santo Domingo copper-iron-gold-cobalt development project in the Atacama region of Chile, 35km northeast of Mantoverde. Through Compania Minera Sierra Norte S.A., it owns 100% of Sierra Norte, an iron oxide copper gold deposit located in Chile's Atacama Region, that spans over 7,000 hectares.


TSX:CS - Post by User

Bullboard Posts
Comment by loosechaingeon Jul 27, 2009 7:13am
470 Views
Post# 16167688

RE: RE: RE: hedge was at 2.75 wasn't it

RE: RE: RE: hedge was at 2.75 wasn't itIt would take a lot of stars to align to get it to $10. ie economic recovery higher copper prices and continued exploraton results but the potential is there. With a move to 10 on a longer term basis though we will have a series of thrusts higher and pullbacks lower as it steps up the staircase. Capstone and silverstone which originally attracted my attention have treated me well. They have both consistently pulled back and offered the chance at reloads. I am not a fan of hedgers in a rising market. It really isn't that big of a hedge but they did have an impressive gain sitting on the books which has been wiped out or nearly wiped out with this rally in the copper price. On the lower trend line I am a buyer.
 
Bullboard Posts