RE: H2 could surpise12 Jul 2025 08:16
JackB14 I am with you 100%.
On fundamentals and on technical, CAML is now a great buy opportunity imo.
I mean copper price going up and CAML sp going the opposite direction, hmmmmm
With copper production been $88.8 millions EBITDA compared to zinc/led $32.2 millions EBITDA ?
A 20-25% increase in net profit from copper price, for 2025, or some $20 millions, is potentially going against
a reduction in zinc/led of some 10%.
Indeed comes result for 2025, there should be a higher profit, compared to 2024.
On technicals, the sp id at strong support since 2020, i can't see it going much lower,
It when lower than current level on 7th of April 2024, down to 138p, for then to close on that day at 152p, hence it was an intraday movement.
On the NWR acquisition, I am positive. Altier mine has a PFS with copper at $8.5/t, it is now at $12.3/t almost 50% higher.
It is a mine to be in Arizona, and although this is wishful thinking, it might even qualify for funding from the US, 50% tarif policies on critical metals.
Beside that, CAML has financing in place and if the acquisition goes trough, in 3 years time CAML will produce some 50k/t copper eq.
at who knows......$15/t for $750 million revenue and 50% EBITDA margins.
But even at current price $12.3/t price for 50k/t copper eq. at 30% fcf brings $200 millions, for at least 3 years
and $120 million thereafter, once Kounrad stop producing.
In short, yes way overdone on sp drop, against many positives that have been misunderstood or overlooked, imo.
Dividends also, should be safe with extra $20 million coming from copper price.
Not sure if dividend will be still there comes. NWR, Altier mine financing, but I am expecting
a substantial sp increase to make it up for that.
Sign In
Follow the stocks
