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Gold/Mining/Energy : Freeport McMoran (FCX)
FCX 41.70-0.1%Oct 31 9:30 AM EST

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To: Yogizuna who wrote (49)11/1/2000 2:01:20 PM
From: teevee  Read Replies (1) of 141
 
Yogi,
Grassberg is arguably the finest Cu-Au orebody in the world today. I can only reconcile the persistant selling at ever lower prices by infering that large individual and institutional stockholders are resigned to the Indonesian Moslem government liberating Grassberg from the Yankee infidels. This should lead to a strong run up in copper prices when the ch*t finally hits the fan. A strong down spike in the price of FCX shares could be the confirmation.
regards,
teevee
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