Please note that FRC's C$.32 target Our fair value estimate of $0.32 per share is solely based on the Bull River mine. We will include Thierry if and when the transaction is completed.
So when Thierry is added BHT will be worth much more. So IF all goes to plan BHT is very undervalued. Risk/reward ??? Your call.
In a surprise twist, investors see copper as the second-best performing asset for 2021. According to the survey, 161 voters or 16% saw the red metal outperforming next year.
Copper’s outlook comes as prices continue to hold near their highest level in eight years. Analysts note that copper is benefiting from significant supply and demand imbalances. As the global economy starts to recovery from the COVID-19 pandemic, many analysts expect copper demand to grow while supply is expected to shrink.
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