FCX and Grasberg copper mine

By wbfcpa, July 16, 2018

Hi Travis, do you have a take on the impact of Freeport McMoran & Rio Tinto handing over control of the Grasberg mine to Indonesian control? How will this affect an investment in FCX since probably 1/3 of its value rests in this mine?

William Ford

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2 Comments on " FCX and Grasberg copper mine"

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Travis Johnson, Stock Gumshoe
I have had call options on Freeport from time to time, since it tends to be the first copper play Wall Street looks at when they want to speculate on that metal… but I think it’s pretty high risk with the continuing shift to Indonesian control. Resource nationalism is a risk almost everywhere, of course, and the stock is very cheap because of that risk perception and worries about mining in general, so you just have to determine whether the risk is accounted properly in the rewards — the bigger issue might be the renewed environmental concerns in the Indonesian… Read more »
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