Recent price increaseAfter looking at the technical reports on Terrazas (available on SEDAR), I think the explanation of the recent share price increase is there. Based on the previous ressource calculation (measure, indicated and inferred) and average prices of US$1.10 for Cu and $0.50 for Zn, the NPV of Terrazas was evaluated at US$78,7M.
Now with the recent ressources calculation, Terrazas has 50% more copper and 249% more zinc. With more realistic prices for copper ($1.40) and zinc ($.80), the NPV of Terrazas now could well be estimated at US$260M.
The feasibility study on Terrazas, to be published soon, could come up with figures in that range.
At $2.00 per share, CCU remains largely undervalued.