RE:National Bank I like the moves that Hudbay has made over the past month.
The manipulation of the stock has been extreme over the past due to:
- Not being able to monetize Rosemont.
- This will fix itself with the copper world project.
- The Jaguar habitat court challenge being denied by the courts.
- Peru unrest which Huday has been drag down even with its strong support by the local communities.
- Peru has stabilized and when they start drilling the satellite properties and start recording how much ore is shovel ready to mill could be a game changer there.
Then adding in their current moves:
- Adding Copper Mountain and if they can execute on increasing the throughput there will add value in two to three quarters.
- Adding the additional resources from Rockcliff metals acquisition if it goes through will increase the longevity of their Manitoba operations.
Need to believe in the copper story to be invested in Hudbay...