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Lundin Mining Corp T.LUN

Alternate Symbol(s):  LUNMF

Lundin Mining Corp. is a Canada-based diversified base metals mining company. The Company is engaged in metals mining with projects and operations in Argentina, Brazil, Chile, Portugal, Sweden and the United States primarily producing copper, zinc, gold and nickel. The Company’s operations include Candelaria, Caserones, Chapada, Eagle, Neves-Corvo, Josemaria and Zinkgruvan. Candelaria comprises two adjacent copper mining operations, Candelaria and Ojos del Salado, which produce copper concentrates. Caserones is an open pit copper-molybdenum mine which produces copper concentrate, copper cathode and molybdenum concentrate. Chapada is an open pit copper-gold mine producing copper concentrate. Eagle is an underground mine producing nickel and copper concentrates. Neves-Corvo is a mainly copper and zinc mine producing copper, zinc and lead concentrates. Josemaria is a large-scale copper-gold-silver project. Zinkgruvan is engaged in producing zinc, lead and copper concentrates.


TSX:LUN - Post by User

Bullboard Posts
Post by cigarettemanon Oct 07, 2008 8:32pm
409 Views
Post# 15512120

3rd quarter financial?

3rd quarter financial?6 operating mines, producing copper,zinc, lead, silver and gold among other metals. earned approximately 60 million net last quarter, before writedowns.  Book value $9.70. Metal prices still 40 % above 2002 levels.  Share price today $2.13/share.  Sure hope they come out with 3rd quarter financials sooner than expected.  Are the shorts covering yet, a little at a time.  No one can convince me that these assets arent worth more than 750 million.  We all know what the problem is, but isn't this a little overdone.  The media has successfully done another great job in scaring the world into oblivion.  Way to go, you just sold out yourself, family and future, hope everyone sleeps well. Will lundin close down any of their existing mines?  Not until the prices of these metals goes down to pre 2000 prices, which by the way for zinc is $40-50/ ton.  Hell some of these mines will operate at $30/ton.  What bothers me is that i don't see lundin making any statements about their operations or how about an announcement of a share buyback.  Can anyone think of a better time.  Who cares about the DRC,  it was a great opportunity, but if it doesn't work out, does that mean lundin ceases to exist? NO.  There operations are all relatively cheap to operate.  Hell some of these mines were operating successfully when the price of zinc and copper was a fraction of the price today.  I think its time to phone the company and articulate these points once again to them.  Why is it management always do nothing until they start to get flooded with phone calls from angry investors.  I guess they just like to hear our voices.
Bullboard Posts