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Thompson Creek Metals Company Inc. Message Board

  • stipnomelane stipnomelane Apr 14, 2013 10:35 PM Flag

    Tomorrow is going to be an ugly day for TC

    Gold is getting crushed.

    Sentiment: Strong Sell

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    • Good thing TC sold half of the gold when prices were higher kept the copper which actually has utility in this world. TC isn't being valued as if it is going to produce any copper or gold. The market has given the stock no premium. Concerns of copper surplus and the fact that MM deposits are low grade ore have been shaking my confidence recently in my price stock expectations but the Bingham event is starting to build my confidence again. I think gold is going to continue to sell off because things in the US are getting better and the dollar is strengthening (rotation from gold to stocks). Copper with actual utility will hold more of its value than gold. Once TC starts producting copper and gold profitably and its price to book shifts to an FCX price to book, the stock will be at 12. However, I would be extremely happy if we hit 8 by the end of the year. The % completion updates aren't jiving with the timeline expectations so am concerned about the timing but not that completion will happen. Seems like recently they have only completed 1% per month and they have 17% to go.

      Sentiment: Strong Buy

    • Yeah but with the Bingham mine problem in Utah and MM coming online who knows what will happen to these junior miners with copper mines.........