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Q: I sent you a question on CMMC and right after that I started to read up on TKO which is a very similiar sized, low grade Canadian copper miner. The difference is TKO is on the way to a second copper mine in a Tier 1 mining jurisdiction (Still waiting for a final permit) while CMMC just sold off their chance to TKO still has debt although they seem to have most of the capital required to build the second mine. TKO also gets credit for having a lot of moly with their copper while CMMC has more silver and gold by products. Moly prices have gone up substantially but then again gold and silver having been doing well. For 2023 TKO has about 70 per cent of their production hedged at $3.75 (Collars??) so even if copper prices tank in 2023 (doubtful) they should cash flow at their BC mine whereas CMMC is struggling to cash flow in BC. So what do you prefer, CMMC, TKO or some other copper play? I vaguely remember moly $ to be very cyclical. I know moly is only a by-product of TKO's copper mining but if you can comment on that it would be appreciated.
Read Answer Asked by Paul on April 13, 2023
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