My investment club met last night to discuss a purchase of Eurozinc (EZM).
EuroZinc Mining Corporation engages in the acquisition, exploration, development, and mining of base metal deposits internationally. The company owns the Neves-Corvo copper mine; and the Aljustrel zinc, lead, and silver project in southern Portugal. EuroZinc was founded in 1981 and is headquartered in Vancouver, Canada.
After much discussion, we decided to take a position at the market open this morning.
I took a personal position at $2.66 yesterday morning, so I was obviously in favor of this transaction.
Eurozinc is one of the major holdings (at over 5%) of the Front Street Capital – Special Opportunities Fund out of Toronto, Canada. This fund has an outstanding track record for picking the best Canadian small cap stocks, with an annualized return of over 16% for the last 10+ years.
Eurozinc has also been breaking ground into new high territory on huge volume since early 2006. This indicates heavy institutional support such as that from Front Street Capital.