OTCPK:CPPMF - Post by User
Post by
Rational43on Sep 22, 2021 10:32am
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Post# 33897984
Trading at 5 x '21 EPS, production growth, safe areas
Trading at 5 x '21 EPS, production growth, safe areasJust to recap, the recent market insanity has pushed CMMC to the $3 mark, where it trades under 5 times expected '21 EPS of 63 cents...and has almost continous quarterly production growth from a series of low risk, safe jurisdiction projects that it can easily fund from cash flow, for a few years, and a ton of exploration acreage in Australia that may already hold a 3rd mine.
Oh, and it makes an obsence amount of money at $4 copper, which appears to be something of a floor in the intermediate term for the red metal.
Copper is one of the best and most direct ways to play the great electrification trend, and most of it is produced in countries with a history of instability in government policy, who are all talking about significantly raising taxes on future copper production.