Since copper was pushed lower by Chinese dumping and jawbone about a month ago, Copper Mountain (CMMC.to) has been trading in-step with peers (proxy the ETF COPX). Which is hilarious.
Because on the morning of July 26th when CMMC releases its 2q21 results, Mr. Market is going to say, “Why are we pricing this massively profitable mining company with built-in organic growth the same way as the crud and nonsense in the copper sector?” And then the market will buy up CMMC.
The people who follow the market and react to news have been selling CMMC recently. The people who can do mathematics have bought the stock from them. You have been warned, and I am long .