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Gold/Mining/Energy : Breakwater Resources (T.BWR)
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To: dean poets who wrote (910)10/4/2002 2:25:23 PM
From: Stephen O   of 962
 
The market is saying that many companies are going under with stocks trading below the cash they have on hand. BWR's equity at June 30th was $110 million Cdn, about 57c per share. They have earnings leverage of $6 million per $10 reduction in treatment charges. TCs have declined $10 to $20 per tonne this year and going lower.
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