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To: Rocket Red who wrote (168254)7/7/2009 3:15:05 PM
From: Claude Cormier1 Recommendation  Read Replies (2) | Respond to of 312574
 
|| All goes well 10 is in the cards

McCormark calculates a 10% NPV of $14 and has conservative target of $10 because of:

-1. Ecuador has proven that it can gives us some surprises

-2. like in all new operations DMM must deliver first before they can get market recognition

Although I disagree with you that this is a game and its only a casino, most are speculations based on set of facts and uncertainties.



To: Rocket Red who wrote (168254)7/7/2009 3:24:54 PM
From: marcos  Read Replies (1) | Respond to of 312574
 
dmm.to - could be a hefty royalty, could also be another arrangement, perhaps something novel, wouldn't surprise me under the circumstances ... one thing that's important is that not all the benefit gets hoovered off to the national capital, as so often has happened in LatAm, and the local people left with nothing ... at least half the funds paid should go directly into infrastructure around the immediate area, through the machinery of their municipios and ejidos, don't know what they call them there or how they're structured

Not all has to go supremely well to get back to the 10.00 mark, it'll take time though and of course we have to go through that point first ... if all goes well for long enough [and yeah right, this is LatAm], we're looking at much better than ten loonies

ec.v - still a cheapie with a chance, think it'll get another kick at the can, i don't have so many, no worries

ckg.v - no Claude wouldn't have sold Chesapeake, no way ... just making a statement in re dmm, imho