Copper Mountain Mining Corporation T.CUM

RE:Political Risk CMMC.........is zero.

[gheetsmith]

Agree we are in the sweet spot Fritz,  when you say revisit historical highs,  I assume you mean the $7 peak.   Got to remember that was before the mine opened.  Copper price was $4.00- $4.50 then
and was all based on production at those prices.  Also there were less than 100M outstanding shares as well.    If you are referring to the historical highs as when we were operating as a mine
which opened later in 2011,  since then our highs have been about $300 in 2014 and CU was 
That would be around 2014 and CU was still higher than it was today.  We had around 120M outstanding shares.

Today we are a totally different operation though.  If we hit $4 copper again we will exceed even the 
$7 historical price.  Lets look at what it should be worth with current copper prices.

The average CU price so far for 2017is about $2.65.   It costs us about $1.50 total cash cost to operate, so over $1 margin on current cooper price average.   Thas is going to get us about .20
EPS and think that is conservative as we should average a higher CU price for year.

Even still using those numbers and we come in at .20 eps for 2017 using a 15 p/e ratio that makes the SP worth $3.   Now when you put 3.50 CU price in using the same formula we should hit
.40 EPS and that would give us a $6 SP.   As long as CU stays North of $3 we are going to get rewarded with a pretty good increase in SP nest year.  Still predicting at least $2 by year end but
copper price as always is the driver.........glta.  g