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Lundin Mining Corp T.LUN

Alternate Symbol(s):  LUNMF

Lundin Mining Corporation is a diversified Canadian base metals mining company. It has operations and projects in Argentina, Brazil, Chile, Portugal, Sweden and the United States of America, producing copper, zinc, gold and nickel. Its operations include Candelaria, Caserones, Chapada, Eagle, Josemaria Project, Neves-Corvo and Zinkgruvan. The Candelaria Copper Mining Complex comprises two adjacent copper mining operations, Candelaria and Ojos del Salado, that 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 located in the Upper Peninsula of Michigan, United States, in Michigamme Township of Marquette County. Josemaria is a large-scale copper-gold-silver project. Neves-Corvo is a mainly copper and zinc mine producing copper, zinc and lead concentrates. Zinkgruvan mines underground from several orebodies.


TSX:LUN - Post by User

Bullboard Posts
Comment by SurfForWealthon Dec 14, 2006 10:05pm
214 Views
Post# 11871701

RE: Bad Day

RE: Bad DayStop whining. If you don't see value in your investment then sell & buy something else. Of course then you will be whining on that board on the days when it underperforms its comparables. I did a lot of analysis recently (a week ago) on LUN versus HBM (I own quite a bit of each). Each stock is trading for about 5-6 times 2007 estimated EPS. They will both show about the same growth in 2007. They both have good, very comparable balance sheets. They both have good assets skewed to zinc production. They produce mostly the same metals in similar ratios with similar grades. However LUN has far better RLI (11x reserves plus resources) and appears to be positioned for much better growth in production beginning in 2009. Based on this I would suggest that HBM seems more popular but LUN offers better value. I will continue to hold both for now but may begin to shift at some point. Cheers!!!
Bullboard Posts