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Strategies & Market Trends : Ride the Tiger with CD

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To: Zincman who wrote (78298)3/19/2007 7:49:35 PM
From: Canuck Dave  Read Replies (1) of 313059
 
Even given conservative prices for copper and gold, EPM is projected to have initial cash flows of 43 cents per share, rising in two years.

Assume a P/E of 10, and we get $4.50 .

That's a lowball estimate, not a high. We'll be on it as it gets close to production and see if any unexpected nasties develop, but it could be a big winner this year.

Plus those lovely warrants will be "into the money big time".

We hope.

CD
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