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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 Rational43on Feb 16, 2021 2:16am
215 Views
Post# 32570916

RE:RE:Be a lot of '21 earnings estimates raised this week

RE:RE:Be a lot of '21 earnings estimates raised this weekBased on '21 guidance at current prices cash flow should be sufficient to fund the full 65KTPD expansion, pay down maturing debt installments and still fund a 10% share buyback, without dipping into accumulated cash on the balance sheet which should be about $80M at end of Q4 (depending on how much they spent on capex).  The buyback would be back end loaded to H2 2021.

But they won't spook the market by appearing to run their company as if copper won't fall off a cliff any day, so they will focus on debt repayment, maybe that gets our Forward PE multiple up to a 5.

Best possible news would be a sale of 25% of Eva to Mitsubishi for 50% of development costs + low interest loan for Copper Mountain's share with development drilling to commence, and full construction once the 65KTPD expansion is complete.

Most dissapointing news would be a share sale at these deflated prices, although the last time they cut the investment community in for shares at $1.15 the stock soared after, so maybe that's giving the devil their due.    
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