-
Teck Resources Limited Class B Subordinate Voting Shares (TECK.B $57.15)
-
Lundin Mining Corporation (LUN $16.55)
-
Capstone Copper Corp. (CS $10.40)
Q: I was half way to building a recent position in TECK with an average cost in the mid $40's. With the offer on the table, if it was you, would you sell TECK and purchase Capstone or hold for better offers? In the past you have leaned more toward Capstone in the copper space, are you still positive on Capstone?
5i Research Answer:
We think CS is fine, but would lean to LUN right now for copper exposure. On TECK.B, we are not convinced the current offer will stand, and we would hold for now to see how things develop.