HUDBAY MINERALS (HBM $13.77; RATED NEUTRAL; PRICE TARGET CUT TO $16 FROM $19.50) TURNING $1 BIL. IN CASH IN 2008 TO $1 BIL. IN DEBT IN 2014 AND MAYBE BACK TO $1 BIL. NET CASH BY 2020 PLUS NEW MINES 8/1/2011

HUDBAY MINERALS (HBM $13.77; RATED NEUTRAL; PRICE TARGET CUT TO
$16 FROM $19.50) TURNING $1 BIL. IN CASH IN 2008 TO $1 BIL. IN DEBT IN
2014 AND MAYBE BACK TO $1 BIL. NET CASH BY 2020 PLUS NEW MINESĀ  8/1/2011