Methanex (MEOHF) Message Board

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Gold/Mining/Energy : Methanex (MEOHF)

MEOH 40.30

+1.1%

3:59 PM EST

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To: John Richer who wrote (180)	9/3/1999 5:59:00 AM
From: zigler	Read Replies (1) of 213

The article appeared in the Financial Post and gave no reasons for the upgrade. I will thus try to explain my reasoning for liking this stock other than it is so cheap. The price of methanol is so low that it is driving out of business all the North American and European producers because of the high cost of Natural Gas and generally older and smaller plants. Methanex has closed 4 of 5 of its North American plants already and they will not reopen. The rest of the industry in NA and Europe will have to do like wise to make room for the low cost supply. Methanex's remaining Chile and New Zealand plants are among the lowest cost in the world and can produce cash cost for around $0.27 per gallon. The current price of methanol is now around $0.35 to $0.40 per gallon.

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