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Capstone Copper Corp T.CS

Alternate Symbol(s):  CSCCF

Metals & Mining Copper
Capstone Copper Corp. is a copper mining company. It owns and operates the Pinto Valley copper mine located in Arizona, United States of America, the Cozamin copper-silver mine located in Zacatecas, Mexico, and the Mantos Blancos copper-silver mine located in the Antofagasta region, Chile. It also owns 70% of the Mantoverde copper-gold mine, located in the Atacama region, Chile. In addition, it owns the fully permitted Santo Domingo copper-iron-gold project, located 30 kilometers (km) northeast of Mantoverde in the Atacama region, Chile, as well as a portfolio of exploration properties in the America. The Pinto Valley Mine is an open-pit, copper mine located in Arizona, United States of America. The Cozamin Mine is a copper-silver underground mine with a surface milling facility, located 3.6 km north-northwest of Zacatecas City, Mexico. The Mantoverde copper-gold mine consists of four pits situated along the Mantoverde fault, each of which contains both sulphide and oxide ores.


TSX:CS - Post by User

Capstone Copper Corp > New Price Targets
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Comment by GuyMiningon Jan 11, 2021 3:57pm
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Post# 32269254

RE:RE:RE:RE:RE:RE:New Price Targets

RE:RE:RE:RE:RE:RE:New Price TargetsYou are looking at EV / OCF (enterprise value divided by 2021 after-tax operating cash flow) I assume given CS is ~US$235M in 2021 and US$305M in 2022 according to their corporate presentation assuming $3.50/Ib copper.  Just flagging that your numerator is in CAD and your denominator is in USD.

I think your HBM number is too high for 2021... it's more like US$425M.  I guess we'll see when they announce their guidance for the year.  I do think their 2022 is ~US$650M due to Pampacancha and a full year of gold production at New Brittania.

Also, keep in mind HBM pays ~US$80M annually in interest on debt these days whereas Capstone will be very small given their net debt zero position.

GuyMining
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