first quantum minerals FM on TSE Message Board

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Gold/Mining/Energy : first quantum minerals FM on TSE

FM 27.19

0.0%

Jan 8 4:00 PM EST

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To: Ed Pakstas who wrote (248)	9/28/1999 12:16:00 PM
From: keith schaefer	of 385

Ed, I know this stock has had a run up from 80 cents in the last month, but I still like it a lot here. Geoff Chater has joined the company doing PR, and while he's a geologist and not a promoter, he does have great respect among brokers and analysts. It's clear from talking to Geoff that the fundamentals of this company are getting better and better - the copper they produce now has zero cost as they are selling the sulphuric acid they produce to other mines, negating their cost of production. This recent gold spike is great for them as they are totally unhedged. Their gold production is small, however, the copper is the real cash cow. Operating costs for their gold mine however are well under $200 an ounce now. Fundamentals are great. There may or may not be any more acquisitions pending.

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