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Gold/Mining/Energy : T.ITE: iTech Capital (TSE)
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To: marcos who wrote (720)7/19/1999 4:43:00 PM
From: keith massey  Read Replies (1) of 5053
 
although the expenses may have increased

If you check the expenses have stayed the same and actually decreased a little. The reason for the increase last quarter was the result of a rise in the Canadian dollar causing a $250,000 money exchange loss. The interest income almost covered this loss and all other expenses were around the same.

KEITH
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