OTCPK:CPPMF - Post by User
Post by
AlfTanneron Jun 22, 2021 9:47am
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Post# 33426466
Stock should go way up with current copper price
Stock should go way up with current copper priceWith the current copper price around $4.15, this company should be earning around US$150 million per year or US$.68 per share. A P/E of 10 would put the stock price at US$6.80 (CA$8.42).
However, this stock is worth a lot more than a P/E of 10. This is a growth stock with concrete plans to increase production 2 to 3 TIMES over the next 5 years. This kind of growth deserves a P/E of AT LEAST 15. A P/E of 15 puts the stock price at US$10.20 (CA$12.63). This does not even account for the fact that the stock could enter a parabolic bubble stage, in which case a P/E of 20 or more would be possible.
The purpose of these shake outs is to convince weak hand to sell. This stock has a LONG way to go before it is time to sell. The current price of copper is just fine for a massive rise in the stock price.