Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: koan who wrote (43542)	6/30/2007 10:20:25 AM
From: Nostradameus	Read Replies (2) of 78419

From an article : Cash Flow & Growth Starting in October 2007, EPM will produce over 140,000 ounces of gold and 40 million pounds of copper per annum. We estimate that incorporating European Mineral’s hedge at $575 on 75,000 ounces of production, and using metal prices of $625 gold, and $2 copper, EPM could have cash flow of $120 million in 2008. That is equivalent to 43 cents per share. At $3 copper (current price), EPM would cash flow $160 million or 57 cents per share. On a gold-equivalent basis with copper considered as a credit, EPM would appear to be producing gold ounces, much like Alumbrera, at a cost per ounce which is negative by several hundred dollars! What could be the market cap at 150-160 millions $ cash flow ??? Martin

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