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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 Mar 06, 2016 12:36am
230 Views
Post# 24626971

DOUBLE FROM HERE ?

DOUBLE FROM HERE ?I think it is very doable, and with Friday being the biggest volume day in over a month showing 8% upside, on top of 2 x 12% sessions previous..it appears many money managers are of the same thought. This stock is being accumulated ahead of yet another gap up for Monday. I was doing a little research on the copper price projections for 2016 - 2017 this evening. I found Wood Mackenzie, an influential resource consultant firm has a $2.70 - $2.80 average through to 2018 but looking out to 2020 sees $3.50 ish. Desjardins Securities is a little more optimistic and sees $3.00 for 2016 through 2017 citing mine / supple disruptions, assuming supply shortfalls will not meet demand. DS also cites China growth at a steady 4% moving forward. Both expect the pricing to be choppy moving forward...these 2 targets are from July of 2015 when copper was trading @ $2.60 on it`s way down. I do not see anything fundamentally changing between then and now except maybe a few non supportive developments out of China concerning true economic growth which lead to the risk off sell we saw at the start of this year. So both analytical firms appear to be right about the price volatility, and it looks like the price is bouncing back. Will it climb back to the seemingly lofty $2.70 range ? Well we all know that is the big question and it appears many are betting on just such a reversal. Last time copper was @ the $2.60 level, right around these two price targets were published......a drum roll please.....HBM was over $11.00 p/s - 8 short months ago. Now looking in the rear view mirror likely isn`t going to shed any light on what is in front of us...but I think a double from here is very doable...and just maybe a lot faster than many think. Of course it all depends on base metal prices, oil and the direction of the American dollar. Mix them all together and I think the HBM stew will be pretty darn tasty. Mere musings on a Sat. night, but I think many can`t wait for Mondays open. GLTA....the blobber
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