The article references Copper Mountain outside Princeton. This is my SH post following a Copper Mountain presentation last month:

neofight

October 07, 2015 - 12:49 PM 278 Reads
Post# 24171906 month

I went to a presentation yesterday in Penticton. Jim O'Rourke, Rod Shier, a couple of brokers and only about six other guys, investors like me. So lots of time for one-on-one and questions. The key takeaways were:

• their production issues are now under control and that is reflected in increased throughput
• no need for any new significant purchases, equipment has many years of useful life remaining, subject to maintaining the present thorough maintenance program
• stable workforce, the Steelworkers tried to organize the Mineworkers into their union, got the requisite 50% signatures to hold the vote but the workers voted overwhelmingly against the union (I think they said 78% against). They are paid at union scale but have better benefits than the union would provide
• long-term debt is very friendly, low interest rates and capable of renegotiation
• they are profitable at these levels and have contingency plans for lower levels, i.e. copper down to as low as $1.80
• no need to go to the market to raise funds, i.e., no dilution concerns
• good potential for expansion of the reserves and mine life
• they are personally buyers at these levels