Capstone Copper Corp T.CS

Alternate Symbol(s): CSCCF

Metals & Mining Copper

Capstone Copper Corp. is a copper producer operating in the Americas. It is engaged in the production of and exploration of base metals in the United States (US), Mexico, and Chile, with a focus on copper. The Company, through a wholly owned Chilean subsidiary, Mantos Copper S.A., owns and operates the Mantos Blancos mine, located 45 kilometers (km) northeast of Antofagasta, Chile and the 70%-owned Mantoverde mine, through a subsidiary, Mantoverde S.A., located 50 km southeast of Chanaral, Chile. It owns and operates the Pinto Valley mine located in Arizona, US, Cozamin mine located in Zacatecas, Mexico, and has a portfolio of exploration properties in Mexico. It also holds the fully permitted Santo Domingo copper-iron-gold-cobalt development project in the Atacama region of Chile, 35km northeast of Mantoverde. Through Compania Minera Sierra Norte S.A., it owns 100% of Sierra Norte, an iron oxide copper gold deposit located in Chile's Atacama Region, that spans over 7,000 hectares.

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Capstone Copper Corp

Bullboard Posts

Post by GuyMiningon Jun 04, 2019 9:49am

134 Views

Post# 29796685

Minto Sale results in TP increase to $1.15/sh at Canaccord

They note the real move to their NAV increase as a result of the Minto sale is the fact they now don't model ~$5m/year of annual care and maintenance costs. On a discounted cash flow basis this came at a cost of $41m. The entire transaction delivers a NAV swing of +$58m to their NAV or a whopping C$0.17/sh. Their target price moves from C$1.00 to C$1.15/sh. The market prices CS at 0.3x consensus NAV so really on this news ... the stock should be up at least $0.05/sh.

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