ERO Forecast


Bullish Case: ERO's partnership with Vale propels advance in copper production, beating earnings estimates significantly.


Bearish Case: Potential delays in the Tucumã project and further equity raises leading to share dilution pressure stock price.


Potential Outcomes:

1. Successful partnership with Vale - 60%.

2. Equity raises dilute shares - 80%.

3. Tucumã project delays - 40%.


Trading Oracle: Initiate a bullish call debit spread by buying Aug 16, 2024 $20C and selling Aug 16, 2024 $25C. Implied volatility is favorably low. Hold for 1.5 months to benefit from anticipated positive earnings report and partnership advancements. This strategy offers a high reward:risk ratio.


July 04, 2024


Ero Copper Forecast

ERO      Ero Copper











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