LUNMF - Lundin Mining: Great Leverage On The Copper Price But It's Time To Put The $1B Cash Pile To Work
Introduction
It has been a few years since I discussed Lundin Mining (OTCPK:LUNMF), and the company has been able to take advantage of the strong copper prices in the past few years. Unfortunately the share price looks pretty weak now as the market is recognizing the tougher period Lundin Mining is going through, as its primary metals are copper, zinc and nickel. Three commodities that are hanging on, but aren’t thriving. The Q3 results didn’t look too good, but that’s because Lundin had to include some price adjustments in the third quarter.