seekingalpha.com
Buy Southern Copper At A Discount And Get A Free Railway, I Spy A Bargain In Plain Sight
Grupo Mexico (GMBXF) offers exposure to Southern Copper (SCCO) at a 35% discount, plus transportation and infrastructure assets essentially for free. Copper demand is projected to outstrip supply, with a 10MMt deficit by 2040, supporting sustained high prices and strong fundamentals for SCCO. SCCO boasts the largest reported copper reserves, a measured capex plan targeting 70% production growth by 2032, and robust profitability at current copper prices.
