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Gold/Mining/Energy : Thundermin - THR tse
THR 43.08+1.3%Jan 22 3:59 PM EST

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To: phoenix_investor who wrote ()3/9/2000 1:00:00 PM
From: phoenix_investor  Read Replies (1) of 4
 
Jennings Capital initiates coverage with Speculative Buy rank.

Target $.90

F/D Shares O/S 41.6M

Duck Pond: Preliminary economic evaluation

Mine Copper Zinc Net Cash NSR Proj NPV Proj
Life Ton/yr Ton/Yr Costs/lb $C/ton $M C IRR

10yrs 17,278 31,581 $0.18 $124 $92 37%

Potential Impact on Queenston and Thundermin

Company NPV/sh EPS CFPS

THR $0.75 $0.19 $0.24
QMI $1.11 $0.28 $0.36

Report date - March 6, 2000
Analyst: Daryl Hodges (416) 214-0600
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