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Coppernico Metals Inc CPPMF


Primary Symbol: T.COPR

Coppernico Metals Inc. is a Canada-based mineral exploration company. The Company is principally engaged in the acquisition and exploration of mineral property interests. The Company is focused on exploration and discovery of copper-gold deposits in the South America. The Company’s primary asset is the Sombrero copper-gold project located in southern Peru. The Sombrero Project is a land package of approximately 102,000 hectares located about 340 kilometers SE of Lima in southern Peru. The concessions are hosted in the northwestern extension of the Andahuaylas-Yauri belt. The principal targets at Sombrero are copper-gold skarn, porphyry systems and precious metal epithermal deposits. The Company’s subsidiary is Sombrero Minerales, S.A.C.


TSX:COPR - Post by User

Comment by VENManon Feb 25, 2021 1:47pm
156 Views
Post# 32659577

RE:Here’s some math

RE:Here’s some mathAssumes you can get back in at $2.70 per share. If you manage that hurdle, it has to go back up to $8 and you have to not sell any shares until it hits $8 should you be so lucky. Since you sold at $3.52 say and bought back in at $2.70 and it worked for you, there is nothing to make you want to try that play again when the stock goes back to $3.52. Why not sell and buy back in at $2.70, after all it worked so well the last time right. The second or third time you may get in and watch it go to 52 cents, not $3.52. It's a stupid game to play.  The bottom line is now is not the time to sell this stock. The day will come but it's not today. All IMO! 
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