C6C 1.88% $3.80 copper mountain mining corporation

Reincarnation, page-37

  1. 381 Posts.
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    Hi all new to the thread and both stocks. I have been crunching numbers CMMC has now 188 million shares on issue , was 134 million pre acquisition of a very cheap Australian owned Company though resource rich.
    Earnings per share in 2017 CMMC is 36 cents per share. With possible earnings in 2018 of 40 cents per share even when diluted. Debt is 258 million with approximately 60 million to be paid off interest and principle next year. Dependant of Cu price , ala if it stays within the $2.90 band and up, debt will be paid off in 2024. Mitsubishi is sole buyer off the Canuck Cu. Mine life maybe 10 years to 12 years. So let’s say commissioning of Cloncurry takes 4 years starting 2022. Mitsubishi continue the off take. Debt now increases to 220 million approximately. EPS is now 90 cents due to higher grade of good Aussie Cu . CMMC become debt free in 2025. Dividend of 40 cents per share thereafter. Mine life in BC is until say 2030. Mine life in QLD is until 2042. SP at least should be $ 4.80 at that time giving SH a 60% increase per year from current level of $1.20. Appreciate your thoughts. Problems I see is liquidity in gaining enough stock . Unless buying Toronto SX.
 
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Currently unlisted public company.

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