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NYSE:FCX
A company they are excited about. The largest copper miner in the world. Now at 100% production capacity in their Indonesian mine. Copper prices have been firm, and at this level of copper prices, they produce $15B EBITDA. Enterprise value is under $60B. Extremely attractive. Every 10 cent change in copper price, they make $400M of cashflow. The application of copper is exciting. There is cyclical and secular elements that will push copper demand. (Analysts’ price target is $42.59)