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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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From: koan8/22/2006 12:38:42 AM
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EZM__This post is by poundmaker on sh. He is one of the smartest and most honest guys I know of. I know nothing about any of this stuff.

Baba
"Lundin is an interesting play. This is the mining arm of the global resource empire of the Lundin family. The company is run by Lukas Lundin who is one of three sons of the enigmatic founder of the family empire. Lukas is based in Vancouver, but the family and much of company mgmt is Swedish. Lundin is not part of the mining establishment around here and the stock is not well followed.
I'm assuming that this merger is really a reverse takeover of the much larger Eurozinc by Lundin, but I may be wrong. If history is any guide, the info on the deal will be spotty and vague.
The Lundins have a reputation for taking high-risk plays in obscure parts of the world, but Lundin Mining has done several deals recently to position itself in Europe. My understanding is that the properties they have assembled to date have been by-and-large marginal and/or close to the end of mine life. Lundin's plan has been to add value through their considerable engineering expertise.
With Eurozinc they add considerably to the quality and quantity of their mineral assets. Assuming that the deal is Lundin taking control and not visa versa (this may be incorrect) this seems like a very interesting move. I'd say the company is worth looking at.
(Usual caveats and cautions apply concerning my personal and uninformed opinion. Add to that a special caution that the Lundins are notably opaque in their business dealings and not particularly shareholder friendly.)"

Cheers
poundmaker
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