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Freeport-McMoRan Inc. Message Board

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  • hot_glass hot_glass Mar 14, 2006 1:19 PM Flag

    Anyone want to know it's buying time

    Their financials aren't very strong.
    Management - anyone know about?

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    • management is top notch. They took a bankrupt company and turned it into a cash producer.
      They have several problems, the main one is that their mine is running out of ore and may not last through 2010. they have the northern half of the property in the premitting process, but if they can't get it done, or do something else, the infrastructure in their present mine will be of little value. They have bought a new property, actually an old mine, young davidson as I recall, and we don't know what the production situation is there at present.
      The question is whether they can reinvent themselves before the ore runs out in their present mine. Stay tuned.

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