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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: Zincman who wrote (78298)3/19/2007 7:49:35 PM
From: Canuck Dave  Read Replies (1) | Respond to of 313058
 
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