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


To: tyc:> who wrote (43571)6/30/2007 6:24:48 PM
From: Nostradameus  Respond to of 78419
 
Hi, TYC

120 millions cash flow for EPM is using 625 $ gold and 2 $ copper......

And I would like to add :

If you take total dilution ( warrants + options ) it will add around 184 millions $ canadian in the cash account.

So a market cap around 1.400 million is more appropriate ( the cash by itself has to be deployed therefore adding value ( leverage ) )

There is lot of IF... But I believe the share price should go higher than 3 $.

I forget although it is not really relevant now : 120 millions cash flow is in US $....

Martin



To: tyc:> who wrote (43571)6/30/2007 6:44:58 PM
From: Nostradameus  Read Replies (1) | Respond to of 78419
 
TYC,

I would like to add that according that article below that they don't use fully diluted shares. Maybe for the reason I explained before.

I don't know if a miner can sell for more than the 10-12 times the cash flow. Is it the average, low or high possibility ???

Thanks

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