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First Asset Morningstar Emerging Markets Composite T.EXM.A



TSX:EXM.A - Post by User

Post by OilSandSamon Feb 04, 2007 1:55pm
358 Views
Post# 12158213

A little comparison

A little comparisonJust read a news release from another company in Mexico. They just spent 2.25 million on a 360 T/D processing facility, that included some equipment. Karl and Hochschilds got us a 3000 T/D plant, that included some equipment, for 6 million....and we got 7838 hectares with 3 known deposits included. So if you do the math, it would of cost them around 18.75 million to get the same T/D as we bought (not including the resources we got with the mill). Even if you include money for us upgrading our mill (additional cicuit), it still doesn't come close to the value we got in our deal. That reaffirms just how good of a management team we have. My opinion, Sam.
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