Stefan (analyst) commentson Junior metals.
Here is what he said on Copper Mountain:
TMR: What's your view of the junior copper space?
SI: Everything I cover has come down in valuation. I think there is opportunity here. The best place to start is with the producers because they are generating cash flow and have positive balance sheets. One such company is Copper Mountain Mining Corp. Its Copper Mountain mine in British Columbia—owned 25% by Mitsubishi Corp. (8058:JP)—has had a long start-up. The company has just installed a new secondary crusher, which is finally going to bring it to nameplate capacity: 35,000 tonnes per day (35 Kt/day) of throughput. This is the turning point, and I think Copper Mountain Mining is poised for a rerating.
TMR: You just raised your target price, correct?
SI: Yes, from $3 to $3.50. We just saw the company's Q3/14 production numbers. The crusher integration went smoothly over the latter half of the period and was handling over 35 Kt/day in late September, which should set the stage for a strong Q4/14.
Link to full article:
https://www.theaureport.com/pub/na/stefan-ioannou-copper-nickel-and-zinc-wont-be-cheap-for-long