michael_selway
Coal & Phosphate, thats it!
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nizar said:
hehe this is funny!
did johhno actually check his bank/chess account?
thx
MS
CUO - Copperco Limited
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hehe this is funny!
did johhno actually check his bank/chess account?
thx
MS
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CUO seems to be a steady small size copper company. It has jumped from 40c at the beginning of this month to a hgih of over 50c today, this is the highest price for the past 5 years. The jump is supported by "03-Jul-06 12:41 CUO MSX: Increased Investment in CopperCo Limited ". Also the effect from AUM, since both company has some similarity in term of its project. Has CUO achieved its maximum in short term or are there still space to move higher (it has reached over $10 before - another AUM?).
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CUO has added another 0.25 c today up over 5% after a strong day for most resource company. Copper continued its rally now, up by 4%. and shall help CUO to rise for another 5% tomorrow. Worth for a watch 
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Check out the latest CUO announcement gentlemen.
Company is upgrading annual production forecasts to 25,000tn of copper from around 17,000tn in the existing BFS.
Costs per pound falling to below $0.70lb on update.
Increase in project NPV by 50% to above $0.70 per share at $2.00 copper.
Plenty of upside from current $0.54 price with production in under a year and copper prevailing way above $2.00
Note also that major shareholders LRF and MBL remain holders.
A high quality team close to production with further upside IMO.
Company is upgrading annual production forecasts to 25,000tn of copper from around 17,000tn in the existing BFS.
Costs per pound falling to below $0.70lb on update.
Increase in project NPV by 50% to above $0.70 per share at $2.00 copper.
Plenty of upside from current $0.54 price with production in under a year and copper prevailing way above $2.00
Note also that major shareholders LRF and MBL remain holders.
A high quality team close to production with further upside IMO.
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Up at $0.80 At the moment
Picked this one up a a couple of weeks ago along with TTY and looking to hold both for a while for their potential
Picked this one up a a couple of weeks ago along with TTY and looking to hold both for a while for their potential
Also picked up a bunch of these around the $0.66 mark, now looks to be generating good support around the $0.78-$0.79 mark, has held up well this week considering the recent market jitters.
I believe there is a lot of potential growth to be had in this beast, definitely one of the best Cu plays on the ASX. Once full-scale production beigins we should see this one moving again.
I believe there is a lot of potential growth to be had in this beast, definitely one of the best Cu plays on the ASX. Once full-scale production beigins we should see this one moving again.
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I got in this at 70c just before the breakout... it has hit 85c today.
Very strong fundamentally with good management team, MBL backing, and strong resource base expected to be further upgraded in the near future.
Copperco has the vision of becoming the next Australian blue-chip Mining company.
Im in this one for the long haul.
Very strong fundamentally with good management team, MBL backing, and strong resource base expected to be further upgraded in the near future.
Copperco has the vision of becoming the next Australian blue-chip Mining company.
Im in this one for the long haul.
Yep, nice little mini-breakout today and touched on $0.85. Definitely one to keep in your porfolio for the long-run. You have to admire the way these guys actually get on with the job rather than just talking about it.
The market might just be waking up to the potential of CopperCo, you might want to strap in and hang on for the ride!
The market might just be waking up to the potential of CopperCo, you might want to strap in and hang on for the ride!
Broke thru 90c barrier this morning, on the back of no news from CUO for a while, which is a good sign. Next pyschological barrier will be 1.00, but looking good to eventually push on thru on the back of more news from Lady Annie.
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michael_selway
Coal & Phosphate, thats it!
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Does CUO have a limited mine life?
EPS(c) PE Growth
Year Ending 30-06-07 -2.3 -- --
Year Ending 30-06-08 18.0 5.5 --
Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS -0.2 -2.3 18.0 19.6
DPS 0.0 0.0 0.0 5.0
Thanks
MS
EPS(c) PE Growth
Year Ending 30-06-07 -2.3 -- --
Year Ending 30-06-08 18.0 5.5 --
Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS -0.2 -2.3 18.0 19.6
DPS 0.0 0.0 0.0 5.0
Thanks
MS
Hi Michael,
I am unsure what the expected mine life of their flagship project, Lady Annie currently is. Tbh, I get the impression that the dimensions in some of the lodes have yet not been fully constrained and that we can expect some of this information to be factored into the resource model in the future. But really, for a company to now be in full-scale production after it's inception after only 2 years is an incredible achievment.
Remember that CUO have an impressive array of at least 10-11 drill-ready targets such as Buckley River and Lady Maggie and that future share price levers may hinge more on their exploration success, rather than resource extensions at Lady Annie.
Cheers!
jman2007
Hey troops,
Time to spark this thread up again I think.
CUO continue to add tonnage to the Lady Annie Global resource, the Anthill prospect has returned 3.9MT at 1.1% Cu. The global Lady Annie Project Mineral Resource inventory now stands at 40 Mt at 0.9% Cu for 358,700 tonnes of contained copper metal underpinning a potential expansion to achieve a 30,000 tpa annual copper production rate.
The global Mineral Resource inventory now established represents an 86% increase in tonnage and contained copper compared to one year ago.
I said back in October that further sp triggers would hinge more on exploration success, and this seems to be the way it's playing out. Resource extensions this year have been largely achieved in incremental fasion, and not all in the same place. IMO, this has gone largely unnoticed by the market.
To underpin a 10yr 30,000tpa operation at Lady Annie, they need 300,000T of contained Cu, and they have achieved this. The exploration budget for 08 will most likely reflect the increase in exploration in the coming 12 months.
Time to spark this thread up again I think.
CUO continue to add tonnage to the Lady Annie Global resource, the Anthill prospect has returned 3.9MT at 1.1% Cu. The global Lady Annie Project Mineral Resource inventory now stands at 40 Mt at 0.9% Cu for 358,700 tonnes of contained copper metal underpinning a potential expansion to achieve a 30,000 tpa annual copper production rate.
The global Mineral Resource inventory now established represents an 86% increase in tonnage and contained copper compared to one year ago.
I said back in October that further sp triggers would hinge more on exploration success, and this seems to be the way it's playing out. Resource extensions this year have been largely achieved in incremental fasion, and not all in the same place. IMO, this has gone largely unnoticed by the market.
To underpin a 10yr 30,000tpa operation at Lady Annie, they need 300,000T of contained Cu, and they have achieved this. The exploration budget for 08 will most likely reflect the increase in exploration in the coming 12 months.
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I 've had a nice ride on CUO and thought I would reinvent the wheel with URL (next door neighbour to CUO and Mt ISA)
Purchased @ 0.096c and is now about 0.091c a year later.
Anyone heard any good oil on URL - I couldn't find a thread.
Purchased @ 0.096c and is now about 0.091c a year later.
Anyone heard any good oil on URL - I couldn't find a thread.
CopperCo and Mineral Securities Merger by way of takeover offer by CUO:
This is a damn ballsy move by CUO. Basically the rationale is that the merger of the two companies will create a company with exposure to both base and precious metals, a fairly unique combination, and create a company with a MC of around 530M. Here is some dirt on the previously unheralded Mineral Securities:
Dual listing on the ASX and Londons AIM market.
Strategic stake in a range of base and precious metal companies and assets including:
Platmin - Platinum
Sappes Gold - Gold
Tianshan Goldfields - Gold
Lady Loretta - Lead/Zinc
On the face of it, the new Board of Directors looks very strong, and I guess CUO realised they needed to diversify to reduce single commodity risk. The new company would be ranked 5th out of 40 companies in the FTSE AIM Basic Resource Index. The combination of Lady Annie (producing) and Lady Loretta (production decision this year) will provide a stable cashflow, while the demand for platinum is driven by different market forces.
Exciting times for CUO holders
jman
This is a damn ballsy move by CUO. Basically the rationale is that the merger of the two companies will create a company with exposure to both base and precious metals, a fairly unique combination, and create a company with a MC of around 530M. Here is some dirt on the previously unheralded Mineral Securities:
Dual listing on the ASX and Londons AIM market.
Strategic stake in a range of base and precious metal companies and assets including:
Platmin - Platinum
Sappes Gold - Gold
Tianshan Goldfields - Gold
Lady Loretta - Lead/Zinc
On the face of it, the new Board of Directors looks very strong, and I guess CUO realised they needed to diversify to reduce single commodity risk. The new company would be ranked 5th out of 40 companies in the FTSE AIM Basic Resource Index. The combination of Lady Annie (producing) and Lady Loretta (production decision this year) will provide a stable cashflow, while the demand for platinum is driven by different market forces.
Exciting times for CUO holders
jman
Any CopperCo/Minsec holders have any comments?
I guess there was always a fairly high level of synergy between the two Boards and the two companies also hold leases in close proximity to each other.
Unsure at this stage if the power grid problems in SA could mean a sustained period of high platinum prices, but a 25% strategic stake in Platmin could prove to be a good long-term move for the "New CopperCo".
Sp coming under some pressure as of late, some of the techies may have some comments on this.
jman
I guess there was always a fairly high level of synergy between the two Boards and the two companies also hold leases in close proximity to each other.
Unsure at this stage if the power grid problems in SA could mean a sustained period of high platinum prices, but a 25% strategic stake in Platmin could prove to be a good long-term move for the "New CopperCo".
Sp coming under some pressure as of late, some of the techies may have some comments on this.
jman
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Hi, does anyone have any idea what's happening with Copperco, from trading halt and suspension today? Does this bear well for the market price?
Cheers
Cheers
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