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Gold/Mining/Energy : The Molybdenum Discussion Board

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To: LoneClone who wrote (2720)4/5/2007 1:10:29 AM
From: FIFOkid   of 3267
 
LoneClone I would advise taking a long look at Quadra Mining . Although the purchase of IMY moly assets have been done at an attractive price given the high concentrations of moly at their Malmbjerg project. The company has plenty of merit looking at the operations outside of moly. The company has been lagging because of unfavorable hedging contracts for its copper operations and they cease after the first quarter of 2007. With assumptions of $3 copper, an increase of float to 46 million from the IMY purchase, a .86 exchange rate and flat operating expenses. You get cash flow at a rate of $4.50 per share per annum on a $11 CDN stock. That is a very inexpensive price to pay for any stock.
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