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Strategies & Market Trends : Natural Resource Stocks

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To: Rockyford22 who wrote (19029)12/16/2004 10:05:41 PM
From: jimsioi   of 108709
 
Rockyford, glad you picked up on the HUGO tread...

Interesting your perspective on the comparative size and quality of their discovery. Their coal man commented on the conference call it was the biggest thing he'd ever seen, and he was no spring chick in the coal industry.

Mention during the conference call was made of a possible late 2005 production start for the coal...say mid 2006, that'd be great....more coal isn't coming from anywhere else...I was quite surprised by Friedland's description of Chinese coal industry....mom and pop operations in run down dangerous conditions...Maybe an over statement, but on the otherhand probably much truth to it based on the accidents we hear reported...

Wanted to check, yes HUGO is again my largest portfolio item, followed by Advantage RT and then GRZ...Just wish both HUGO and GRZ were closer to producing copper... About the only thing GRZ is close to is the production of a feasibility study investors are running away from, plus brokerage and underwriting commissions and rip off opportunities for the Canadian brokerage community and their associated thieves down in the Cayman Islands.

Hope we have a little actual news from Ivanhoe tomorrow...activity late in the day rather suggested something started to leak...About time to open those Christmas presents for good boys and girls....

I'll tell you, if I never made a dime from investing in HUGO but could come to emulate R. Friedland's presentation style I'd be satisfied...First thing I'd have to know my subject very well. Friedland knows something about geology and mining. Then I'd have to have a passion....His is a quietly spoken friendly almost understatement of facts... He's the kind of CEO I want working for my money....
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