Topic: How To Invest

Hi Pat: Could I have your opinion on Copper Mountain Mining? Thanks.

Article Excerpt

Copper Mountain Mining, $7.28, symbol CUM on Toronto (Shares outstanding: 89.9 million; Market cap: $654.3 million; www.cumtn.com), owns 75% of the Copper Mountain project in B.C. The company’s stake in this project is its main asset. Mitsubishi Group of Japan owns the remaining 25%. Mitsubishi plans to finish a mine on the site by April 2011. So far, the $438-million mine is on schedule and on budget. The mine is expected to reach full production by June 2011. At that point, it should produce about 96 million pounds of copper per year. Copper Mountain’s shares have moved up lately. That’s because of rising copper prices and the approaching start-up of the mine. Copper Mountain is okay for aggressive investors to hold. hold. …