CUM's Encouraging Exploration Results

ADAM LOW, Raymond James (01/14/2011)
"We are revising our estimates to reflect the roll-forward of our model to 2011 from 2010, and for the updated Raymond James outlook for gold and silver prices as per our Precious Metals team's updated forecast. . .Additionally, we note that Copper Mountain released encouraging exploration drill results before market open on January 13, 2010. We recommend investors continue to hold Copper Mountain’s shares as the company progresses to first production at the mine in mid-2011. We reiterate our Market Perform rating, and we are increasing our target price to CAD$7.00."

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