Killer StockI was looking at this stock and I realized that they have 95 cents a share cash in the bank. Last quater they earned a lot of money simply on the basis of interest. They were only able to operate half their fleet of trucks based on a shortage in tires. Once they get their mine expansion in place, the cost of their production is going to go way down, they have expanded the size of their current ore body and have a proven mine to build that is not even considered in the evaluation of the stock.
This look like a good company and I think someone could do a leverage buyout on it with all the cash they have in the bank. Lots of cash, lots of opportunity and lots of prospects. Their problem is paying taxes and do they want to pay more taxes.
They are currently funding everthing out of cashflow and they are poised to make an acquisition with the 100 million dollars in the bank.
Perhaps they should buy swc before they get into production, they definietely have the ability to become a mid tier copper producter.