Breakwater Resources (T.BWR) Message Board

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Gold/Mining/Energy : Breakwater Resources (T.BWR)

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To: Gunnar who wrote (792)	3/16/2000 10:23:00 PM
From: Stephen O	Read Replies (1) of 962

Cambior will write off the $120 million. The $48 million US cost includes working capital of about $11 million US which is a credit to BWR. The metal hedging wont be that large. There is no debt being assumed by BWR from the two new mines. The cash payment to Cambior though will mean BWR taking on debt.

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