Canaccord Genuity Initiates Coverage on Lumina Copper (TSXV:LCC) - Video Summary Posted on www.InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, February 17, 2012 - Investment firm Canaccord
Genuity, initiates Coverage on Lumina Copper (TSXV:LCC). Analyst Wendell Zerb
gives the company a speculative buy rating and a $19.80 price target.
InvestmentPitch.com has produced a "video news alert" about Lumina Copper based
on this report. If this link is not enabled, please visit
www.InvestmentPitch.com and enter "Lumina" in the search box.
Lumina's principal asset is a 100% interest in the Taca Taca copper, gold,
molybdenum property in Argentina. Taca Taca currently hosts 14.9 billion pounds
of copper, or 18.7 billion pounds copper equivalent, up from 8.7 billion pounds
of copper estimated from previous work. Lumina is one of a few junior mining
companies that control a significant copper porphyry system of this scope.
Lumina's initial engineering studies and preliminary metallurgical studies have
outlined what Canaccord believes are reasonable insights into the development of
a large scale open pit copper mining operation at Taca Taca. Based on industry
demand for copper porphyry deposits, and what appears to be a fundamental shift
to higher acquisition prices being paid for quality deposits, Canaccord expects
that Lumina could be subject to a takeover bid that values the company in excess
of US$900 million.
Lumina currently trades at $15.00, and with 41 million shares outstanding, the
company is capitalized at $615 million.
For more information on Lumina Copper, please visit the company's website
www.luminacopper.com, or call David Strang, President and CEO, at 604-646-1880
or email dstrang(at)luminacopper.com.
For a copy of Canaccord Genuity's research, contact your nearest Canaccord
Genuity office. Their branches are listed on their website at www.canaccord.com.
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Datum: 17.02.2012 - 21:49 Uhr
Sprache: Deutsch
News-ID 116232
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