OTCPK:CPPMF - Post by User
Comment by
Pat123on Jan 29, 2023 10:35am
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Post# 35252609
RE:This stock
RE:This stockUndervalued based on what? Here are a few reasons the stock is trading at the curent level: The worst management team in the industry. Old equipments mantained poorly that is about to break and will cost tens of million in replacement. Not being able to generate positive earnings even with copper price way about $4. Never deliver the 100M pounds of copper production. An objective they had for more then 10 years. Poor copper grade at the mine (below 0.30%). After selling Eva, not much growth in the horizon. Don't put to much hope on the 65kpd expansion. A lot of hurdles in front of them. In addition, Zeta still have a ton of shares to sell. For all the reasons above, analysts and investors are putting their copper money on better managed companies and with greater prospects. A takeover or a copper ride to $5 are our only hopes to break $3-4. Good luck