Ride the Tiger with CD Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ride the Tiger with CD

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: loantech who wrote (5059)	2/28/2004 8:04:05 PM
From: TheSlowLane	Read Replies (1) of 313969

LT Northern Orion has a 12.5% interest in Alumbrera alongside Wheaton River who owns the rest, I believe (or maybe there is a third party). Anyway, that mine is in production and generating cash flow. They have a property that is in the same area as Alumbrera. The idea is that a rail link could be built and used to ship ore from the new mine for processing at Alumbrera. Would save a few hundred million in development costs. They should be getting an AMEX listing soon, which may help them get more exposure. First Quantum is in production in Zambia and developing properties in the Democratic Republic of Congo. They are building a new mine, Kansanshi, and just arranged a $224 million financing. They raised money at C$16 with no warrant coverage. The icing is that one of the new discoveries they are drilling, Lufua, is showing substantial cobalt. All of the drill holes are being re-assayed for cobalt (which has been rocketing lately) and results should be out soon. These guys are going to be ramping copper production substantially over the next few years at a cost of .35/oz. Should be a real cash machine. Not cheap, but neither is Phelps Dodge!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next