Global Value Investing

[Drexion2004]

Take a look at the presentation for Baja, it includes alot of good info from their feasibility study/etc about cashflow and so forth.

My personal expectation is that the stock will be above $3.5-$4 by the end of 2013. I see potential upside to $5-$6 as reasonable (When you include manganese) but I likely will be all-out of the stock if it hits $4.5 or so (Will probably unload linearly from $3.5 to $4.5).

This is all without assuming an increase in copper prices (I'm bullish on copper mid-term and long-term).

I'd call BAJ a easy 'triple base hit' with the pitcher throwing the ball right smack in the middle of the strike zone at 5 miles an hour. Probably my favorite position at the moment.

Note: I accumulated my Baj shares on the downturn in late 2011, buying from $0.80 down to $0.65. Took some profits when it hit $0.93-$1, so avg cost is now at $0.65. Its a 4% position size right now for me, I'm praying I get to buy it below $0.80 again so I can bring it to a 10%-12% position again.

-Fernando