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cl001

04/04/06 9:09 AM

#39714 RE: cliffvb #39702

EZM, excellent post! I heard there was an upgrade yesterday, but glad I read it through your post. I was most impressed with,
We use a 5.5 times multiple to our blended 2006 and 2007 CFPS to derive our target price of C$3.00.
This remains at a small discount to the group average multiple of 6 times due to the major shareholder
overhang.

Even at 3 CAD, EZM is still trading at a discount to its peers. And the cash flow used is blended 2006 and 2007, I am wondering what if 2007 cash flow is used? Zinc is hot, I think the overhand will be over sooner than people's estimate, and my target is 3 USD!