RE:RE:One cheap copper stockJoeStockIQ wrote
POETMILLIONAIRE wrote: I cant believe we are dropping in share price....with the price of copper where it is and especially where every analyst is saying its going...we have no where to go but up.And with ave price targets in mid $5 range...thats a great return with very little downside risk...once the companies bank vault is full of money they can grow organically without dillution...thats the key.
You want an even better cheap copper stock? Taseko (TGB / TKO) is up today on down copper prices. Why? Florence is why. Market is spooked because their final draft permit was delayed from 30 June until what is now expected to be 30 September. Management remains unconcerned, citing normal paper pushing process. Either you believe them or you don't but doesn't really matter because Florence is an In-Situ mining process that is as green as it gets. Florence will be bringing up 85M pounds of copper concentrate per year for 20 years at a C1 of $1.10 US. Add in pending Gibraltar expansion and we're talking well over 200M copper production per year at a blended C1 of well under $1.80. Better yet, they have Yellowhead lined up after that, which is bigger than Gibraltar. Are we pumping the stock? Don't need to as the numbers speak for themselves. Yes, we own lots of shares but really not pumping as you will do your own research. The reason we're posting here is because we own both. CMMC is a great company with a terrific future. However, if you want to diversify and get in on Taseko while it's still cheap before the Florence permit is ultimately issued, you likely only have a few 6-7 weeks or so. Yes, still plenty of naysayers out there in regards to Taseko but when the share price sits well over $3 by January, can't say we didn't let you know. Looking forward to a great future in both CMMC and TGB / TKO, best of luck and fortune to you all.
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"Management remains unconcerned."
Thats because the CEO of TKO has been collecting his $2 million a year in pay for the last 16 years and is now set to retire with his $32 million in cash.
He is set for life what does he have to be concerned about? A palooka like you trying to pump TKO on other message boards to try and raise the shareprice 1 cent.
Not likely.