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Strategies & Market Trends : Natural Resource Stocks

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To: isopatch who wrote (7117)	2/2/2004 2:18:16 PM
From: schzammm	Read Replies (1) of 109014

Iso, see post 7010 on SCO. Here is an update on DY.to that I recommended previously. I really like this company for a long term gain. Also they already have an ongoing business and their JV with FNX in the Sudbury region where Falconbridge just went on strike will be cash positive at the very leastby the end of this year. I find it very interesting that Mr. Lill, recently president and COO of BHP Billiton Base Metals joined Dynatec in Nov as EVP and COO. And today Dynatec announced the appointment of Philippe Monier to the position of Senior Vice President and Chief Financial Officer (CFO) who recently was the CFO of BHP Billiton Base Metals. These guys are heavy hitters coming over from a world class mining company. DY's bank feasibility study on their JV with Phelps Dodge is due by the middle of the year. With these guys coming over I have to believe there will be mine and DY gets a 53% interest. This will all take time but at less than $1.50/share it could be a very profitable wait. JMHO!!!

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