Lebed.biz Alert – CUM has 1.7 billion lbs of copper reserves!
Aug 24th, 2009 by beststockreport
Read Copper Mountain Mining (TSX: CUM)’s July 28th press release: http://finance.yahoo.com/news/Copper-Mountain-Production-cnw-3308225383.html?x=0&.v=1
CUM now has 1,678,764,000 lbs of proven and probable copper reserves! With Mitsubishi paying $28.75 million for 25% of the project, CUM’s 75% of the project equals about 1,259,073,000 lbs of copper reserves.
Freeport-McMoRan (FCX), the largest copper company in the world, has 102 billion lbs of proven and probable copper reserves and is trading with a market cap of $26.79 billion or $0.26 per pound of reserves.
CUM’s market cap at $1.30 is only $41 million or $0.033 per pound of their share of the reserves!
It’s absolutely insane how undervalued CUM is! If CUM was worth $0.26 per pound of reserves the stock would be over $10 per share!
Here is a link to CUM’s current quote on Yahoo: http://finance.yahoo.com/q?s=cum.to and here is a link to their web site: http://www.cumtn.com
Also be sure to check out this amazing YouTube video about CUM: http://www.youtube.com/watch?v=MreLXMQUdFU
I have a feeling we will one day look back at CUM as being one of my biggest discoveries of all time!
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My firm Lebed Biz LLC has been compensated by a third-party (B&D Capital Partners) $20,000 cash for a one-month CUM investor relations contract. Never invest into a stock we discuss unless you can afford to lose your entire investment. For our full disclaimer go to: www.lebed.biz/disclaimer.htm
Jonathan Lebed
Lebed.biz
Staff