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Hudbay Minerals Inc T.HBM

Alternate Symbol(s):  HBM

Hudbay Minerals Inc. is a copper-focused mining company. The Company has operations and pipeline of copper growth projects in tier-one mining-friendly jurisdictions of Canada, Peru, and the United States. The Company’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Its growth pipeline includes the Copper World project in Arizona, the Mason project in Nevada (United States), the Llaguen project in La Libertad (Peru) and several expansion and exploration opportunities near its existing operations. The Company owns 75% of the Copper Mountain Mine, which is located south of Princeton, British Columbia. Copper Mountain Mine is a conventional open pit, truck, and shovel operation. The mine has approximately 45,000 tons per day plant that utilizes a conventional crushing, grinding and flotation circuit to produce copper concentrates with gold and silver credits.


TSX:HBM - Post by User

Bullboard Posts
Post by blobboyon Feb 28, 2016 11:50pm
230 Views
Post# 24604227

$5.00 support

$5.00 supportthis stock was way over sold on emotion, fear gripped the market with the trip out of the gate for this year. this trip offered up one of the best entry points of a lifetime. Fridays high was $4.06 before the profit taking kicked in, this coming weeks high should push towards the $5.00 mark, this is where support will be found. I like goldmans outlook and tend to agree to a certain extent, just not too sure about golds rocket ride being over just yet and I expect further volatility. a real tug of war between market forces at the moment but I think 2 - 3% growth from the U.S.A. with 5% growth from China and emerging markets sets the stage for a healthy rebound in copper. I predict HBM goes higher this trading week and finds consolidation above $5.00 - hence - my support call, then it goes higher even yet as we see the much awaited rally in the next phase of this long term bull market. I would not be at all surprised to see the $7.00 - $8.00 range quickly be upon us. Again I say, this is a classic case of throwing out the baby with the bath water, HBM is going higher from here, I will not be selling because I believe I will then be chasing.
Bullboard Posts