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Gold/Mining/Energy : Copper - analysis -- Ignore unavailable to you. Want to Upgrade?

To: Stephen O who wrote (954)	10/15/2004 10:02:52 AM
From: buster mccuster	Read Replies (1) \| Respond to of 2131

Many thanks for your opinion.

To: Stephen O who wrote (954)	10/16/2004 2:40:51 AM
From: buster mccuster	Respond to of 2131

I have a small investment in EZM. I met the president of the company, Alvin Jackson, on the plane to Toronto last March. A very nice fellow, and needless to say very optimistic about the future of the company. Since then, EZM completed the purchase of the mine and is enjoying good cash flow. I believe the profit from the mine is about $8 million per month. As you say, there are lots of shares out, and debt to be repaid. My impression is that this good cash flow will eventually turn into overall profit. I will check out First Quantum. Another exploration company I own is Coronation Minerals (MSA). They have a promising property up north. Stock performed well last year, but in the toilet this year. May be of interest to some.

To: Stephen O who wrote (954)	10/17/2004 11:06:40 PM
From: TrueScouse	Read Replies (1) \| Respond to of 2131

Stephen: <<First Quantum looked at buying Aljustrel, the Portuguese copper mine that EZM bought, and passed.>> I think you've confused Aljustrel with Neves Corvo? EZM has owned Aljustrel for many years, and it's primarily a zinc mine -- currently on care and maintenance but with major resources, including the mill. They recently bought Neves Corvo from the Portuguese government -- and this is the copper mine, but with major zinc credits and exploration potential. This is presumably what FM looked at and passed on. But EZM had the advantage of already owning Aljustrel and its mill, very close by and with a rail link between the two, leading to possible synergies and cost savings. The following is from the EZM website... <<The acquisition of the Neves Corvo mine has allowed EuroZinc to achieve its long stated objective of becoming a mid-tier base metals producer. The Company's next objective will be to expand cash flow and diversify by exploiting the extensive zinc resources of Neves Corvo, and by bringing the nearby Aljustrel mine into production. The Aljustrel zinc mine, which the Company also owns, is located approximately 40 kilometres from the Neves Corvo.>> Regards, Howy