Quadra Mining (TSE:QUA)

Copper prices have edged up significantly from their lows yet copper stocks have not gone up enough to reflect their future earnings. Quadra Mining (TSE:QUA), a junior mining company that mines mainly for copper (and gold), can be a lucrative play on China’s increasing demand for copper. Copper itself has made a move from its near $1 lows to almost $3 in a very short time. If it continues this trend, copper can move to its high of $4 in a matter of months. The last time copper was at its high, Quadra traded at $27 a share. Now Quadra is in better position with increased productivity and is ready to capitalize on the higher copper prices. The stock only trades at $12 and change which leaves room for massive upside. I would wait for a small pullback before buying some. Anything in the $11 range is a good purchase.