Thompson Creek Metals (TC) has fallen nearly 50% since we noted in mid-September that the prospect of continued low molybdenum prices limited Thompson Creek's upside. With the fall in share price, Thompson Creek now becomes a company with some potential upside again. In fact, due to the strengthening of the US dollar versus the Canadian dollar, Thompson Creek is probably in a marginally better position than three months ago. since the metal price changes over the last three months have largely balanced out (copper up and gold down).
There hasn't been any change to our assessment that its molybdenum mines are unlikely to contribute much to Thompson Creek for at least a while past 2014. The questions ...
Only subscribers can access this article, which is part of the PRO research library covering 3,556 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: