Coppernico Metals Inc CPPMF

Primary Symbol: T.COPR

Metals & Mining Industrial Metals & Minerals

Coppernico Metals Inc. is a Canada-based mineral exploration company. The Company is principally engaged in the acquisition and exploration of mineral property interests. The Company is focused on exploration and discovery of copper-gold deposits in the South America. The Company’s primary asset is the Sombrero copper-gold project located in southern Peru. The Sombrero Project is a land package of approximately 102,000 hectares located about 340 kilometers SE of Lima in southern Peru. The concessions are hosted in the northwestern extension of the Andahuaylas-Yauri belt. The principal targets at Sombrero are copper-gold skarn, porphyry systems and precious metal epithermal deposits. The Company’s subsidiary is Sombrero Minerales, S.A.C.

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Coppernico Metals Inc > What's Not To Like?

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Comment by Pat123on Oct 06, 2022 10:33pm

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Post# 35011353

RE:RE:RE:What's Not To Like?

From the January news release: 'The contracts cover 3.3 million pounds of copper per month through 2022. The floor price of the monthly copper options has been set at US$4.00'

Since the Copper has dropped below $4 only in the second have of the year. The protective puts are in the money for 3 months so far and covering 10M pounds. If the copper price stays below $4 until end of year, a total of 20M ponds will be covered. Let's make a scenario of Copper at $3.50. In that situation, the company is making $10M on their put. Pretty good move.

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