This Mining Stock Could Have Massive Upside
Copper mining giant Freeport-McMoRan (NYSE: FCX) is in transition. It had to sell a significant portion of its interest in the Grasberg copper and gold mine in Indonesia last year to satisfy a dispute with that government. Because of that and a weak copper market, the company's results slumped during the third quarter.
However, the copper and gold mining company sees the light at the end of the tunnel. Thanks to three strategic initiatives, it's on track to deliver significant growth in the coming years. That upcoming upside was a key theme on the mining company's third-quarter conference call.
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Source Fool.com
