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Gold/Mining/Energy : T.ITE: iTech Capital (TSE)

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To: Condor who wrote (4900)12/5/2000 2:56:55 PM
From: ralfph  Read Replies (1) of 5053
 
ITE update.................................................
The burn rate is aprox 50 grand per month. This includes the monthly payout to Enviromation. IMHO this is a pretty good indicator of the quality of management ( at least when it comes to managing the companies cash )They can almost run the company off of the interest from the capital.
Regards
ralfph
Now what we need is a few of these multi million dollar copper wire upgrades to come ELAS's way. Telus is about to spend 500 million on upgrades over the next 5 years.
Do your own DD
PWDOHAB
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