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Re: hogfan2 post# 44849

Friday, 05/26/2006 9:04:21 AM

Friday, May 26, 2006 9:04:21 AM

Post# of 173815
EZM..You're welcome, Hog. BTW, there's a Yahoo poster who is coming up with earnings of 85c-90c for 2007. I listened to the recent CC, filings, PRs and info available on their website and filings. I toned down that poster's copper price projection for '07 to what the company could theoretically tie up TODAY in the futures market, bumped up overhead costs to better reflect the costs of running two mines (adding Aljustrel) and raised the tax rate (EZM will pay Canadian and Portuguese taxes). Still, my bottom line number at 68c is still fantastic. Yes, my boat is loaded in EZM as well. Also BWLRF. I see that zinc is opening up 8c this morning also!

Another possibility is that EZM could be bought out at a higher price with those kind of earnings coming and long-life mines in a stable area.This possibility was also discussed in the recent CC. Management noted that the would rather "dine out" for other companies but that they also could become "dinner" themselves for someone else. They did say that no one has approached them to date.

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