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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks

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To: Scott Mc who wrote (2890)	3/17/2002 8:40:35 PM
From: Goldberry	Read Replies (1) of 11633

The preliminary prospectus is on sedar but I haven't been able to see any indication of possible returns. I have calculated my own quickie guestimate based on info I have read but have no idea how accurate I might be. Following is my guesswork Issue size - I read Noranda expects to get about $400 Million net for the issue. Assuming they pay underwriters say 4-6% then issue total would be about around $416-424 million. Cash flow available for distribution is estimated to be about $50 million in year one. Based on the above it would seem that the rate of return would be close to 12% which doesn't sound to bad. The key is the actual issue size I couldn't find an accurate amount just the comment about what noranda expects to receive. If anyone gets better info please post.

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