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I say things on Twitter

12/21/12

Copper Fox (CUU.v)

NR here. Sooo, waddya get for $3.25Bn in initial capex plus $1.24 in sustaining capex these days?


Oh, not so much.

UPDATE: I've been asked for clarification on what "oh, not so much" means. It means "short CUU.v if you can". It means "a market cap that's 80% of an pre-tax NPV in this market that uses $3.25/lb Cu as a base case, you gotta be joking". It means "Mr Echavarría is going to find out what reverting to the median really means." That clear enough for you? Sheesh...