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Strategies & Market Trends : Natural Resource Stocks

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To: jimsioi who wrote (20220)1/20/2005 12:10:31 PM
From: austrieconomist  Read Replies (1) of 108681
 
cos.un Charles Allmon, via Richard Russell Remarks 1/19/05.

I'm indebted to my old friend, Charles Allmon ("Growth Stock Outlet" PO Box 15381, Chevy Chase, Maryland, 20825) for the following.

Seymour Shulich is widely considered as the best investor in Canada. Shulich's investment vehicle was Franco-Nevada Mining. Franco was founded in 1983 and delivered an annual compound rate of 39% up to the time when it was taken over by Newmont Mining Corp. in 1999. Shulich is the largest investor in Newmont, holding shares worth about half a billion dollars.

Mr. Shulich is now head of Newmont's investing arm. Currently, he is betting big-time on units of Canadian Oil Sands Trust. Shulich has put Newmont Capital into six million units of Canadian Oil Sands Trust and his own personal portfolio into 2.5 million units, which makes it his largest personal holding. Mr. Shulich believes that oil analysts are thinking in terms of 30 dollar oil, while Shulich believes oil will remains around current prices
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