Q: What are your thoughts on this company now? They have a 30% interest in Red Chris mine which is going to have a very large expansion, their Huckelberry mine and Mt Polley mine are both making positive headlines now.
It appears to be making money and making more positive steps in the right direction.
It appears to be making money and making more positive steps in the right direction.
5i Research Answer:
III has certainly enjoyed the sector rally, up 560% in the past year, and 30% YTD. It remains cheap and has no analysts, despite market cap of $2.3B. The stock is very tightly controlled with Murray Edwards at 47% and Fairholme at 11%. The balance sheet is fine and the expansion plans look good. It is profitable now and EPS should nearly double when year end numbers come out. No estimates going forward but with higher metals prices we would certainly expect big EPS gains. We think the stock has good potential. Trading activity has increased, and we would consider it sort of a 'sleeper' stock for the sector with little attention but good fundamentals.