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Coppernico Metals Inc. CPPMF


Primary Symbol: T.COPR

Coppernico is a mineral exploration company focused on creating value for shareholders and stakeholders through diligent project evaluation and exploration excellence in pursuit of the discovery of world-class copper-gold deposits in the Americas. The Company’s management and technical teams have a successful track record of raising capital, discovery and the monetization of exploration successes. The Company, through its wholly-owned private Peruvian subsidiary Sombrero Minerales S.A.C., is currently focused on the Ccascabamba (previously referred to as Sombrero Main) and Nioc target areas within the Sombrero Project in Peru, its flagship project, and is regularly reviewing additional premium projects to consider for acquisition. The Sombrero Project is a land package of approximately 102,000 hectares (1,020 square kilometres) located in the north-western margins of the world-class Andahuaylas-Yauri trend in Peru. It consists of a number of prospective exploration targets characte...


TSX:COPR - Post by User

Comment by VENManon Jan 21, 2021 10:11am
210 Views
Post# 32343999

RE:RE:RE:RE:RE:RE:2021 CF Estimate

RE:RE:RE:RE:RE:RE:2021 CF Estimate
Pat123 - (1/21/2021 9:43:37 AM)
RE:RE:RE:RE:RE:2021 CF Estimate
You are missing an important info in your calculation.

Capstone is now debt free vs CMMC has around $400M in debt
 
If you include that info in your valuation, the gap will shrink a lot. Capstone will still be valued a little bit more. It could be justify by better short term growth and Mitsubishi holding 25% of CMMC


UM, Capstone debt free? Did you even look at their most current balance sheet? It shows Total Liabilities for Capstone of $492 M. You can minus the $150M from look term debt that Capstone got from Wheaton. Still in debt $342 million. Capstone also has a much bigger Accumulated Deficit of ($125 million) they have to wipe out before they can show any retained earnings. The $150 m they got will improve their book value ( Market should like that) but the cost of sales will remain high relative to sales because the cost from the silver they sold to Wheaton will still have to be accounted for. All IMO! 
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