Shares in Central Asia Metals (CAML) have been on a good run in recent weeks, thanks to a surge in the copper price. With its already significant free cash flow likely to swell further - and with impeccable timing - the miner has at last found growth potential outside of its Kounrad mine.
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Yesterday, the company announced the $2m (£1.6m) purchase of the Shuak copper property in North Kazakhstan, a Soviet-era resource with exploration potential and which like Kounrad "may be amenable to copper production by solvent extraction electro winning processing".