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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (137872)	7/20/2010 6:07:32 PM
From: Ed Ajootian	Respond to of 206325

Paul, NiMin Energy (NNN.TO) --- also looking at EV/EBITDA multiples its very undervalued. Adjusting Weisel's projected $12 M of '11 EBITDA for stock based comp., you get $15 M of adjusted EBITDA, which makes that multiple only a tad over 5, a very low multiple for a company with such high growth potential. For now it seems that the market for this stock is from Missouri ("show me") <g>. This is not a complete surprise given the problems the company encountered in drilling and completing its first well in Wyoming, combined with the recent 2-month pause in the action. But I'm confident that the company will get their act together and I believe evidence of this will be provided when they announce 2Q results next month.