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First Asset Morningstar Emerging Markets Composite T.EXM.A



TSX:EXM.A - Post by User

Post by OilSandSamon Jul 16, 2007 10:10pm
316 Views
Post# 13098720

Chuck8

Chuck8Well, one thing is for sure, we don't have to worry about being held back due to a lack of a project pipeline. If you take into account all of the avenues for growth, not just PM's but with some base metal credits too, I think this is one that will show stronger growth after each milestone. With over 20 projects in the pipe, two majors j/v'd with us, management that is not going to blow the company's brains out with massive share dilution, I see a natural growth strategy being employed by Karl. Revenue is at the doorstep, all we have to do is let Hochschild do their thing and soon enough we will get our drill back from them and we can carry on building up the value in our other properties, then we can get even better deals when it comes to doing J/V's on them. The main thing will be to have the ability to pay for value creation from the revenue that is about to be generated. That's not saying we won't do another PP in the future. There has always been talk about ending up with a share structure of about 100 million shares, when the time and price is right. I remember looking at Mag at a dollar thinking "looks risky", what's it at now?, just about 15 dollars? It's not unrealistic to think we could have the same kind of success in the same neighborhood. All Karl has to do is keep to his committment to his shareholders, that he has expressed many times to many people, and maintain the business model. It was one of the first positives brought up by Roulston, and for good reason. All my opinion.
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