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Gold/Mining/Energy : Falconbridge Ltd.( T.FL )

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To: Ralph Kern who wrote (22)3/11/2000 7:13:00 AM
From: Condor  Read Replies (1) of 103
 
Hi Ralph,
I can't believe the level of FL.
I think they may do 400,000,000 earnings next year based on last quarter(93,000,000), Ni. LME inventories dropping quickly and the fact that an FL exec. stated that there is the possibilty that 2000 may be their best year ever.
nickelalloy.com
Jeez, I know the techs are pulling money out of the value plays but my God, at what point do the institutions wake up.
The only caviat is that FL will have to do large capital expenditures to keep Kidd and Sudbury going. They are low on ore. Collahuasi is a cash cow for them.
I'm very long FL now and waiting for the LME inventories to cause a blast off in Ni. prices. Anytime now, I'd say. I wish FL traded options.
Good luck
C
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