Q: I was thinking about selling CS:CA and buying LUN.CA. I understand you favour LUN, but I was wondering with CS Manteverde Development project coming on board, Q1 of 2024, does that change your view. ALSO, where does LUN have their mining projects compared to CS.
5i Research Answer:
LUN's operations are in Chile, USA, Brazil and Portugal. CS is nearly entirely in Canada before Chile comes on board. Both have been a bit disappointing. We tend to favour LUN as it is larger, and cheaper, and probably safer. Management has had decades of experience. CS, though, most likely has greater upside potential if all goes well. We think both could be owned.