FCX Freeport-McMoRan
MaterialsPosition Summary
Shares
16
Avg Price
$59.07
Cost Basis
$945
Conviction
5/10
Investment Thesis
Pure copper play via Grasberg. Production growing to 4.2B lbs by 2028.
Key Arguments
Bull Case
Largest publicly traded copper miner. Grasberg mine is a generational asset.
Bear Case
Same commodity risk as SCCO. Environmental and permitting challenges.
What Would Make Us Sell
Copper demand thesis breaks or Grasberg production issues.