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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 nijinsky70on Aug 28, 2011 9:29am
331 Views
Post# 18987062

RE: RE: Buy here now

RE: RE: Buy here nowI'm in total agreement with the projects part, that's what mining companies do to keep themselves as a business entity on a "going concern" basis. 

I guess the key is really do we need to jump in now to average down not knowing how long this base metal mining rut will last?  This may tie up a lot of cash for no return for some more time yet.  Of course none of us know for sure.  Also SP may go even lower still.  That would equate to throwing good money after bad (at least for the time being).  No doubt in the longer term we all know CS is worth a lot more.  

I'm leaning towards selling now to lock up my losses, take the money out and redeploy it somewhere else.  Personally I could use some capital losses to absorb some of the investmentd I sold for gains earlier this year.  Hey, if I can't find anything esle better, I may buy back CS after 30 days.    

Finding an investment that makes money is hard, but managing your portfolio to maximize your profit is even harder.  In the past I would not have consider selling CS at this point, but from a managing your profit stand point that seems to be a wise thing to do in my current situation.   
Bullboard Posts