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Esperanza Resources Corp V.EPZ



TSXV:EPZ - Post by User

Comment by DetVicMackeyon Aug 17, 2011 3:16pm
327 Views
Post# 18952857

RE: RE: RE: Price suppression

RE: RE: RE: Price suppressionSucks that your cash strapped atm Abe because I know it's tough to pass on value for a good trade. I've had EPZ on my watchlist for several months and finally decided to buy in recently. With $26M in cash and $16M in CTG, liquid assets are worth about 0.82 per share. $30M for Cerro Jumil is incredibly cheap especially when considering that the 30% sale in San Luis was valued at $26.2M. I too think that prices are being suppressed and some group(s) will want to get in on a cheap PP when Esperanza needs the financing for construction. Hopefully management will be able to sell its stake in CTG at higher prices to limit the costs of finance. Crossing my fingers on a really strong PEA that could allow EPZ to skip doing full feasibility and get to production within 18 months.
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