Value Microcaps Junior Miners

[kipp440]

Bobwins - FMA is not in the Ibox as far as I could tell. I did this summary if you want to add it in the copper section:

First Metals FMA.TO (FSTMF.PK)
www.firstmetalsinc.com
Shares Outstanding = 38,900,000
Options Outstanding = 9,800,000 (priced at $1.00 to $2.00)
Globex = 3,900,000 Shares
Fully diluted 52,500,000 Shares

FMA is currently producing 1500-1700 tons of ore per day. Trading at 1x 2008 cash flow! 100% Un-hedged @ $4.00+/lb copper!

FMA is the cheapest Copper PRODUCER in the market. Jennings has $2.15 target using very conservative $3.10 Copper. Extrapolating $4 Copper the target price is over $3. Last trade was $1.10 Here is Jennings report: http://www.jenningscapital.com/pdfs/FMA02262008RaisingCopperPrices.pdf