OTCPK:CPPMF - Post by User
Post by
BenVest99on Sep 15, 2010 7:21pm
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Post# 17453413
New video - $11 per share
New video - $11 per shareThere is a new video on their web site to see the progress they are making in developing the mine. Everything looks fine and these guys are doing a great job in both the construction of the mine and in keeping the investment community informed about their project.
https://www.cumtn.com/site/investor_relations/presentation.php
They estimate their current Net Asset Value to be over $1 Billion using a 8% discount rate and copper price of $3.30. With about 90 million shares, that works out to $11 per share. Still plenty of upside here if China doesn't crash. If you factor in an additional trillion $$ of money printing to boost the US economy, who knows where copper prices could go?
GLTA