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Strategies & Market Trends : Winter in the Great White North

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To: tyc:> who wrote (1293)8/20/2001 1:47:58 PM
From: russwinter  Read Replies (1) of 8273
 
<someone even predicted that most if not all of the majors are going out of business...Yeah sure !>

Tyke, that was me and my actual quote was, "Many if not most of the base metal majors will be out of business in a year or two if these prices are sustained." I generally stand by that statement, modifying it to say "many will be gone within two years at present prices, some within a year." "Most"? Outside chance as well. "All"? Not even close to what I said.

Perhaps a closer examination of some base metal company financial statements is in order. You might start with Pasminco.
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