The Investment Doctor
Long/short equity, value, debt, base metals

All's Good In The Lundin Mining Camp And The Company Is Correctly Valued

Introduction

In this article I'll revisit Lundin Mining (OTCPK:LUNMF) which I discussed late last year. Since that first article, the share price has increased by approximately 50% which was more than expected as I thought it would have been safer to write some put options (which have all expired or will expire worthless, for a 100% gain). I will discuss the company's assets separately to make a sum-of-the-parts valuation.

(click to enlarge)

Source: company presentation

As Lundin's primary listing is on the main board of the Toronto Stock Exchange, there's much more volume over there and I'd strongly recommend to trade in Lundin shares through the facilities of the TSX where Lundin is listed with LUN as...

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