Copper Mountain Mining Corporation T.CUM

RE:RE:RE:RE:RE:RE:Last chance technically

[kickhorse]

Ore processing will increase, I recall, however, that the mine plan calls for mining lesser grades in 2022.  Likely close to an evening out.  Comments please.

With respect to debt, the company needed to repay the debt it took on  back in 2011. It was anticipated it would be paid off by end of 2022, but it did not come to pass. The company paid off the debt with the bond proceeds.  It had to refinance or extend the old financing.

First, I recall that the structure of the bond offering sees cmmc keep 100% of production until it matures, rather than sharing with Mitubushi 75/25.

Second, production should increase from 100MM pounds to somewhere between 200-300MM pounds with New Ingerbelle and/or Eva. Cash flow predicated on cu price increases commensurately.  The company will have to pay 250MM USD but the cash flow will permit a repayment and/or a fresh bond offering easily serviced by free cash flow.


The bugaboo is cu pricing, if it stays above 3.80 cmmc is a money machine and the debt overhang is not an issue.   I think it is safe at anything over 3.50 or so. AT 3 bucks, debt becomes an issue. at 5 buck cu, we're laughing. Over that, ...

My two cents.

I am long and intend to be for 7 years or so, trading along the way.