Mustafa Sarıgül: İliç’te üretimin başlaması için önlemler alınmalı

The statements contained in this report by important Turkish CHP politicians mean to me nothing other than that even the extremely critical opposition is slowly giving up its resistance to the reopening of Cöpler. It is of course clear that they are pushing for safe production facilities, but the pressure to get the region’s largest employer back up and running seems immense. As mentioned several times, the extremely remote and sparsely populated Erzincan is not a region where one can simply look for another job. Therefore, we firmly expect Cöpler to reopen in the coming months. This is all the more true given that it was announced several months ago that the cleanup work was complete and that production could begin within a few days after receiving the necessary permits. In light of these developments, we expect SSR Mining to continue its extreme outperformance compared to the XAU mining index. Since the ratio has already dropped from 30 to the current 16.4 (192.68 : 11.74), it should now continue to move toward our target value of 10! This would put our recommendation, SSR Mining, at a price of three times higher than XAU. Since we first mentioned it about 15 months ago at prices around €4, the value has already increased by over 160%.