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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (43542)	6/29/2007 5:29:24 PM
From: marcos	Read Replies (1) \| Respond to of 78419

epm.to - well hey, Petey likes it - Message 581013 -ggg- ... it's been a long story, not an entirely happy one for those who paid far higher shareprices ten years ago, getting better now though lwc.v - there was news out this afternoon, assays from Gamma, so that was a sell-the-news reaction late in the day, i didn't know this at the time lth.v - well they should be drilling now, anyway ... share is sure weak, bidders waiting for more of the january placement to come out In re light being the foundation of anything - i don't see how that's possible, when it is merely the absence of Dark ... it's like 'dry', which isn't anything by itself, just means something has no Wet ... we've got both of these up the yingyang today [Dark and Wet], it is pouring rain, we've lit the stove at least a little bit in six of the eight days of summer so far ... got to move way down the coast, if memory serves it does not do this in Oaxaca

To: koan who wrote (43542)	6/30/2007 10:20:25 AM
From: Nostradameus	Read Replies (2) \| Respond to 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