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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: LoneClone who wrote (18844)8/21/2006 10:29:22 AM
From: Mr. Aloha  Read Replies (2) of 78412
 
IMO, the real winners in this Lundin/EZM merger are the zinc and copper junior miners, as there's now a new major player in the base metals mining acquisition frenzy. "Lundin Mining is an active explorer for minerals and a fast growing producer of base metals, with a focus on zinc." "The merger creates a premier, diversified copper and zinc producer."

Look at what the two CEO's say about the merger (http://biz.yahoo.com/iw/060821/0155720.html ):

EZM CEO: "The combined financial strength and collective expertise of our talented personnel will allow the new company to pursue global growth opportunities"

Lundin CEO: "The combined strengths of Lundin Mining and EuroZinc will allow an acceleration of both companies' aggressive growth strategies... creating an exciting, powerful platform for rapid growth. We have a clear vision of where we want the combined company to go and we intend to... continue to pursue other world-class opportunities globally..."

You don't get "aggressive growth" in the mining industry by drilling. They're obviously going to be looking to acquire undervalued zinc and copper miners with large deposits as they "pursue other world-class opportunities globally." Anyone know any junior miners with world-class zinc or copper deposits? :)

I know that Lundin has discussed investment oportunities with smaller miners in the past, and this merger will give them the power to step up their acquisition strategy.

Once this merger is completed and the new Lundin begins their acquisition activity, I think the period of extreme undervaluation in the junior miners with large copper or zinc deposits will come to an end.
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