Copper prices are up over 35% in 1 year - August 22

Post Reply
dan_s
Posts: 37343
Joined: Fri Apr 23, 2010 8:22 am

Copper prices are up over 35% in 1 year - August 22

Post by dan_s »

I highly recommend that you join me on our August 26th webinar that is being hosted by Ero Copper (NYSE: ERO).

Why? Because copper is a KEY METAL for electric vehicles and the move to electrify everything.
I believe that ERO could set a new 52-week high stock price within six months.
> ERO has a strong balance sheet and it is profitable.
> Net Income for the six months ending June 30, 2021 was $1.24/share fully diluted, so the PE ratio is under 8 based on my 2021 forecast.
> It has a market-cap of more than $1.5 Billion
> It is not an early stage exploration company. It's copper mine is in full operations today and it is expanding.
> It has recently made several GOLD discoveries.
> It reported over $85 million of operating cash flow in the 2nd quarter. It is FREE CASH FLOW POSITIVE TODAY.

See chart of copper prices here: https://tradingeconomics.com/commodity/copper

Ero Copper Corp, headquartered in Vancouver, B.C., is focused on copper production growth from the MCSA Mining Complex located in Bahia State, Brazil, with over 40 years of operating history in the region. The Company's primary asset is a 99.6% interest in the Brazilian copper mining company, Mineração Caraíba S.A. (“MCSA”), 100% owner of the MCSA Mining Complex, which is comprised of operations located in the Curaçá Valley, Bahia State, Brazil, wherein the Company currently mines copper ore from the Pilar and Vermelhos underground mines, and the Boa Esperança development project, an IOCG-type copper project located in Pará, Brazil. The Company also owns 97.6% of the NX Gold Mine, an operating gold and silver mine located in Mato Grosso, Brazil. Additional information on the Company and its operations, including technical reports on the MCSA Mining Complex, Boa Esperança and NX Gold properties, can be found on the Company's website (www.erocopper.com) and on SEDAR (www.sedar.com) and EDGAR (www.sec.gov).
Dan Steffens
Energy Prospectus Group
Post Reply