First Quantum Minerals Ltd T.FM

Alternate Symbol(s): FQVLF

Metals & Mining Copper

First Quantum Minerals Ltd. is a Canada-based global copper company. The Company produces copper in the form of concentrate, cathode and anode and has inventories of nickel, gold and cobalt. It is engaged in the production of copper, nickel, gold and silver, and related activities including exploration and development. The Company's operating mines include Cobre Panama, Kansanshi, Sentinel, Cobre Las Cruces, Cayeli, Guelb Moghrein, Ravensthorpe and Pyhasalmi. Its development projects include Enterprise, Haquira, Taca Taca and La Granja. Its operating segments include Cobre Panama, Kansanshi, Trident and Ravensthorpe. The Cobre Panama project comprises a series of copper porphyry deposits with main deposits, such as Balboa, Botija, Colina and Valle Grande. The Trident segment includes the Sentinel copper mine and the Enterprise Nickel development project. Its Ravensthorpe Nickel Operation is an open pit mine and primary processing plant located in the southwest of Western Australia.

TSX:FM - Post by User

First Quantum Minerals Ltd

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Post by pissed_investoron Jan 19, 2016 4:15pm

137 Views

Post# 24473779

Looks like a base is forming in the broader indices

Nobody can predict the future, but the situation wrt global equities appears to be stabilizing.

I am not really a big fan of technical analysis, but I recognize that there are enough folks out there that do believwe ... and they can move the market. Having said that, the S&P 500 has held-off a double challenge on a key support level. The number is 1865 and it held on both last Friday and again today. To a large chunk of the investment community, this is huge.

Again I say that this could ignite a relief rally that could raise all ships. FM included - esp since it appears to be so oversold.

My $0.02. Best of luck.

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