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Gold/Mining/Energy : Petrokazakhstan Inc.
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To: Larry Dambra who wrote (2285)8/4/2003 11:06:09 AM
From: Thomas Kelly  Read Replies (1) of 2357
 
Larry, I've always had a medium term target of $30 Canadian in my head (about $22 US?). I think this is feasible in the next 18 months, maybe through a TO. This is slightly less than an independent evaluation that was commissioned by the company a couple of years ago when a low-ball TO attempt was made by CAI. Even that seems a modest goal when you look at the current and potential PE ratio. The production "cuts" referred to were restrictions that have now been resolved I believe.

Tom
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