RE: EPZ outperform $2.25 price target I was out of this stock for the past six months and did not really follow it since late 2011 because there were some things that I did not like about the situation. For some reason I looked up the quote again yesterday and was surprised to see it trading below $1.10 again. Even more interesting was that I noted the board did a complete overhaul of management replacing it with ex-Minefinders people and also completing a fairly impressive $34M financing right in the middle of an ugly bear market for juniors.
So the way I see it the company is finally serious about taking this deposit into production especially after hiring the Minefinders people who have ample experience with operating a simple low grade heap leach operation. I think the resource update in Q3 will positively surprise people since it does not appear to be factored into the stock price at these levels. The other positive is management has finally come out with a realistic timeline to bringing it into production on their own. Before it was always just a dinky little low grade deposit that dragged on for many years without any end game in sight.
So I am in again as of today and hope this is the start of something different this time around.