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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Stephen O who wrote (33674)	12/30/2004 10:57:06 PM
From: Taikun	Read Replies (2) of 39344

Does anyone know this limestone play? finance.yahoo.com Limestone deposits under the oil sands! birchmountain.com Who'da thunk it? Syncrude uses lots of lime in descrubbing so one could expect future demand in the oil sands to be strong. Lime is used to scrub the smokestacks of the refineries, decreasing emissions. Alberta has emissions caps for the oil sands. Quicklime demand est 230,000-1m tons/yr for oil sands. This mine can truck the lime in to the oil sands whereas others would need rail. Anyway, you have to read the report in the link. He comes up with a NPV per share of C$5.79 based on a low-demand scenario. It seems the margin will be around C$110 per ton. This is a very interesting play for oil sands bulls, IMO.

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