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Gold/Mining/Energy : Namibian Copper Mines Inc.
NCMI 4.190-3.3%2:47 PM EST

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To: Marc Assayag who wrote (75)3/25/1997 12:11:00 AM
From: C L   of 154
 
Hiya Marc, Thanks for the words.

After suffering thru a whole bunch of halted Cdn. stocks, I finally made a rule -- no more. I think they are trying to regulate themselves out of business. I have lots of friends up there and love T O, but just not going to deal with their markets any more.

NCMI: If they can produce copper at less than 60 cents, they will be in great shape even if there is a major collapse in prices. Copper operations are prone to near immediate shut-down if losing money so NCMI could actually do very well if the bull move in copper falls apart. With the major changes taking place in the Chinese infrastructure, that is hard to forsee. Best to you.

C L
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