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Gold/Mining/Energy : ZINC The base metal. News and Views. Symbol Zn -- Ignore unavailable to you. Want to Upgrade?

To: Proud Deplorable who wrote (1117)	4/20/2006 8:03:40 AM
From: Gofer	Read Replies (1) \| Respond to of 3270

<<I just listened to it...very informative. May I ask why PAX is so undervalued? I am debating buying more PAX and some YZC but isn't it obvious which one has the most upside? Or am I missing something? >> Of course, the best time to buy these stocks was late last year. Last October, I put a $0.80 target on YZC by June of this year based on projected cash flow. Since then the supply and cost fundamentals have changed for Zn, Ag, and Au so I’ve upped my target to between $1.00 and $1.25. I haven’t sold any shares yet, but plan to take partial profits somewhere in that range. If they announce financing for the mine without further dilution, then the stock could go even higher. I’m allowing for some further dilution, but who knows. I have no idea how to value PAX. It could be worth way more than it is now or way less and they’re 7 years from a producing mine. A lot can change in 7 years. Finding a starter pit is one of the objectives of this years campaign. If they define a starter pit with this year’s drilling, they could probably fast track a mine in as little as 5 years. I suppose you could trade the swings on PAX or just hang on tight. I’ve been doing a bit of both. Keep in mind that up till the last financing YZC owned 21% of PAX, so you get some exposure to PAX by owning YZC. PAX will probably issue more shares every year or so.