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Strategies & Market Trends : Ride the Tiger with CD

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To: Claude Cormier who wrote (25769)	2/11/2005 6:36:14 PM
From: TrueScouse	Read Replies (2) of 313275

CC: <there is no operating mine in China that was built and is managed by westerners.> Interesting... I didn't realise that. Maybe MUN will be the first! <g> They have certainly paid their dues, with the President of the company working with Chinese mining interests for the last 10 years and MUN itself involved with the Maoling project since 1997. It's also my understanding that the Chinese government has opened up much of its industry to foreign interests because it needs both the investment and the expertise -- as well as now being a signatory to the World Trade Organization. Similarly, if they want to go ahead with purchase of companies such as Noranda, politically it will be pretty difficult to block Canadian mining companies from producing in China. So, again my conclusion is that the "perceived country risk" in this case is a great opportunity to buy at cheap prices. And of course to sell once everyone accepts that it's safe to produce in China and the price has increased 5-fold! <g> Best regards, Howy

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