RE: Analyst updateSensitivities: (1) Our forecasts assume that copper prices drop to US$2.75/lb by 2016, then stay there, forever, in “real” terms. If, instead, future copper prices were to be as represented by forward strips on the London Metal Exchange, Curis’ Net Asset Value would be Cdn$8.99/share
I don't think copper will fall much below $3 for any extended period of time. With copper ~$3 many projects are being put on hold "Also giving the red metal a boost is the threat of tightening supply, as miners stall on investments in existing or new projects due to poor performance results. "
https://copperinvestingnews.com/12208/copper-rises-investment-supply-price-mining/
If copper drops to $2.75 or lower that will cut a lot of copper supply. However, Curis and Excelsior would still be very profitable at .68/lb production costs! Industry average is around $1.40/lb and rising. IN-SITU will be very very profitable so no worries there.
I have difficulties in understanding how come the share price has come to such ridiculous levels. .30 to .40 cents. Trashed beyond belief! Earnings Per Share will do all the talk once these two (Curis/Excelsior) change their status from explorers to producers. Buying at these levels offers an opportunity of a lifetime as both companies come closer and closer to production. How many In-Situ copper projects are out there in top safe location like these two ??? I have no doubt these two are AT LEAST 10 baggers from here!
Recommendation: We believe that Curis’ share price has been weak both because of opposition, in Florence, to Curis’ proposed project and because the market has recognized that there has been a delay in reporting expected metallurgical results. We believe that an appropriate valuation for Curis’ shares is 100% of NAV. Accordingly, our current 12-month target price for Curis’ shares is Cdn$6.40, down from our previous target of $7.00 per share.