Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Archie Meeties who wrote (5232)	12/12/2001 8:08:43 PM
From: Frank Pembleton	Read Replies (2) of 36161

Archimedes -- it's bullish for the whole nine yards ... whenever production is curtailed because of bankruptcy, exploration and/or production cut-backs -- combine that with nonexistant inventories and the possibility of an expanded ME war ... or ... an economic recovery late next year -- mix it all together -- voila! A shortage... It’s also good for precious metals, silver in particular. Over 75% of the silver mined is a by-product of a base metals. silverinstitute.org Also another factor to take into account, especially with companies that are more than just miners and have smelter facilities and/or steel companies with massive manufacturing capabilities -- is the cost of energy. After doing the DD on Stelco a Canadian steel company, the management said the two biggest factors between loss and profitability would have to be 1) end illegal dumping 2) lower natural gas prices. Stelco -- Rio Alto comparision chart finance.yahoo.com U.S. targets imported steel, Canada may escape penalties cbc.ca Anyway... I’m not pounding the table here -- and my time horizon is longer than the end of this week -- I’m just adding some colour to the thread. Gun metal gray, perhaps? Regards Frank P.

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