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Southern Copper Corp. Message Board

  • kenpalley2000 kenpalley2000 Sep 6, 2013 11:42 AM Flag

    Revised cu production for 2013

    The co. announced lowered expected total for 2013 of 820K tons. Not so bad really considering 2012 was, I believe, 651K tons. Roughly 25% increase. The are estimating 1 million by 2015. If we can see price back to $4 or close to 4 and no more labor problems (a big if) then we could start to see a dividend yield back up toward 7 or 8 % and a share price at least in the mid to upper 30s. I can only dream at this point of hitting 40 or more like the good old days. GLL


    Sentiment: Hold

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    • In my opinion, $4 copper would produce stock price in $40s easily. Stronger world economy means strong copper price and left part of this equation already points to north. Both U.S. and Europe are out of recession and it means greater market for Chinese manufacturers and it means strong pricing for base metals ahead. In other words, stock price could be propelled up by both market fundamentals and sentiment.

      Copper is the best base metal to play market upside; it is relatively protected from miners doing stupid things (over-producing and flooding market with too much metal). Iron ore and met coal (aka TCK) should be on winning side too, imho.

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