Lundin Mining Corp T.LUN

Alternate Symbol(s): LUNMF

Metals & Mining Copper

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.

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Lundin Mining Corp

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Comment by courtney10on Oct 25, 2011 12:07pm

401 Views

Post# 19179252

RE: Is Lun going to show profit this quarter?

According to the latest company presentation, the cost of mining at Nevos- Corvo is estimated to be $1.65/pd
- the operating cost at Tenke is $.91/pd. Operating costs for zinc are also much lower than current selling prices.

This is a great buy at these prices, not sure about how the Euro b/s will turn out, but LUN makes money, has alot of money inthe bank, no debt.
Will start to see cash flow from Tenke in the 4th quarter. Will be bought out within 6 months. The directors are under a lot of pressure to sell, could have gotten over $9/share back in April.

But, who knows how low it could go if the Europeans continue to behave like idiots.

IMHO

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