Word on the streetis that copper will b steady up to 4.50 a pound within a year or 2. I think they sell short the reality. 4.50 copper adds 300.00 to a large ev.
Will they quit buying copper because of that?
6.00 copper gives 8.00 cads. That is 2.50 eps. Would b 2.80 but we gave away 12% of the corp for 35 million.
I worry about ones that mathematically challenged making anymore deals.
The takers r sure grinning though. Already almost doubled there investment.
Anyways, perhaps the gov.will back florence financially and do a double size if copper so scarce.
With copper at 4.00 gib share should b on track for 350 million ebitda per year. Even with a lack of trust, tko should b headed to 10.00 by 2022.
Add in some florence love possibly and other insitiu value and we could c a 20.00 bill within a year.
All guesses though.
Thats why I swing baby swing:))
nf