Hudbay Minerals Inc T.HBM

I added yesterday

[sicnarf2]

I guess I'll find out soon if it was a smart move?

[TimeBuilder1]

Exchange USD to CDN > TDWB or in our case  $  13.18505 CDN per share... the transaction was dated May 22nd Noted: our Total investments in HBM.T  are still in the Green  ;>)  (May have to a few over 20$$)   24 May 2024 HUDBAY MINERALS INCIF, AS, AND WHEN ISSUEDCONV TO CAD @38.79 %US PR PROSPECTUS   

[RSamson20]

Hmmm what is HBM goingtodo with all that cash.....find another Copper Mountain to gobble up??

[Cuisdafuture]

We were talking a few months ago about "We should be a $5B cap" now we're over that and heading to $7B, take-out at $8B ?? All this from when i bought stock of CMMC at $1.49 after a terrible terrible quarter in 2022.  I didn't bet all the farm, but most of it. It's paying off more than expected, or sooner than exected, i should say.  $20 All day long for this

[jleer42]

They raised the money for Copper Mountain, they want to strip overburden and optimize the mill.

[Gmcdonagh89]

I reviewed some  old techn reports for Copper Mountain pre HBM, suggesting a 65ktonn operation and over 1 billion tonne reserve, just wondering if this is the goal, capitalized overburden stripping that is currently planned only about 250 million over 2 years, definitely they are going to accelerate this to this year and next was to be 20252026

[jleer42]

I recall HBM saying that it was not a feasible goal. It might have been one of the quarterly calls this came up.

[Gmcdonagh89]

That could very well be the case but I think that is dependant on expected Cu price..In any case they expect in next year or so to be at 50kt per day with overburden removal completed

[Gmcdonagh89]

They don't need 550 million Canadian for that..they had almost 300 million in existing cash plus expected cash flow this year would more then cover that. Maybe just to retire debt and get ready for Copper World