To: NYBob1 who wrote (8 ) 7/13/2007 10:51:59 AM From: NYBob1 Read Replies (1) | Respond to of 37 Equity 'to target mining' - THE mining sector could be the next target for the private equity industry, according to global accounting and consulting firm Ernst & Young. The increasingly criticised top-end private equity industry has so far steered clear of the mining sector because of its boom-and-bust cycles, specialist requirements and lack of easy exit strategies. But E&Y's global mining and metals team believes that with the barriers to entry dropping across the industry then even the mining could become potential targets. "Increased action in the mining sector indicates that the historical reasons behind the lack of private equity may no longer apply," E&Y said. Mining firms' balance sheets, flush with cash thanks to soaring prices for industrial metals, fit well with the low cashflow-to-debt ratio favoured by private equity, which tends to rely on high leverage. "The knock-on effect of this is that mining companies have become highly cash-generative, with predictable and secure cash flows," E&Y said. Speculation in recent days has suggested .... $6 price target for NGX - Northgate Minerals Corp. (NGX : TSX) Estimates upped on new gold & copper prices Blackmont Capital maintains "buy", 12-month target price is raised to $6.00 - Imo. Tia.888c.com God Blessinvestorshub.com investorshub.com siliconinvestor.com investorshub.com Ps. Its aproblem with fiatz we know - we don't no know when all fiatz will be hit? - but when it start - EX. With inflation at officially more than 3,700% (some economists put it as high as 9,000%), supermarkets are unwilling to comply, so a price-control unit has been trying - to enforce it -news.bbc.co.uk