RE:RE:RE:RE:RE:we are toast with these resultsthank you to those that posted the thoughtful and respectful responses. Very useful and helps to allay some fears that "i was in on this on my own". Clearly I bought at a high point and am underwater. I did look at Copper Mountain / and other Canadian listed copper producers.
I did my due diligence and read all of the analyst reports and relied mostly on TDWaterhouse analysis. All the analysts were very bullish on this, and still are with a price target north of $7 dollars.
My other rationale for getting into copper is the huge demand created by electric vehicles with, I believe, in excess of 170 to 200 pounds of copper per new EV (mostly in electric motors and wiring). I then chose CS over, say, Copper Mountain because of no debt / profitable. I was also holding on to Santa Domingo as a freebie. What I did not look closely enough was that CS is a high cost producer and SP is amplified by swings in spot price...and that a small miss at the corporate level has devestating impacts on Share Price.
Perhaps the old adage of "if you cant stand the heat then get out of the kitchen" applies here.
So for now I am going to sit and watch but I do note that today its marginally down.
Happy investing and thank you.