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Copper Mountain Mining Corporation T.CUM


Primary Symbol: CPPMF

Copper Mountain Mining Corp is a copper producer, developer and explorer. Copper Mountain's flagship asset is the Copper Mountain mine located in southern British Columbia near the town of Princeton. The Copper Mountain mine produces over 90 million pounds of copper equivalent per year with a large resource that remains open laterally and at depth. The company also has the development stage Eva Copper Project in Queensland, Australia.


OTCPK:CPPMF - Post by User

Comment by VENManon Jan 21, 2021 10:11am
214 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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