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Lundin Mining Corporation (LUN $35.04)
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Capstone Copper Corp. (CS $10.99)
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Koryx Copper S.A. (KRY $3.35)
Your opinion on this one, buy or not?
Thank you.
KRY has seen good momentum even with copper prices seeing some degree of volatility. Although, KRY was previously in a long-term downtrend for years, its momentum has since improved, and while it is pre-revenue, it has been raising significant capital through bought-deal financings, and these financings help to show institutional support. Recent drill results at the Haib project appear to be encouraging investors, and it is also being boosted by long-term tailwinds of copper demand. We like the momentum, but it is small and pre-revenue. We would be OK with a small position, while acknowledging its risks, but we also like CS or LUN.