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Strategies & Market Trends : Ride the Tiger with CD

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To: dara who wrote (12395)	9/1/2004 12:36:09 PM
From: tyc:>	of 312404

>>What caught your eye? The company sold the Sustut copper deposit to Northgate and has already received the first instalment of $500,000. There is a royalty provision which if copper prices stay at current levels could yield C$1M per year... more if prices go even higher. See my comment on Warrant thread about when these payments might start. But it's what the company is doing with the money that stirs the speculator in me. In addition to financing Better Resources' "compelling" B.C. prospect, it is buying back 500,000 of its own shares because "they are so undervalued". (295,000 already purchased)...(etc etc)

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