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Gold/Mining/Energy : ECHARTERS
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To: E. Charters who wrote (1924)12/4/1997 8:16:00 AM
From: Bill Jackson  Read Replies (2) of 3744
 
Eric, It depends on careful asset management. I suspect that both Inco and Noranda will keep production at a level to keep prices and profits high enough for long term purposes. It makes no sense to empty a site in 20 years, making the N dirt cheap, after which there is a shortage and high prices that they cannot partake of. I see the problem as one of size. Both sites are so large that exploited at max potential then will destroy profits for both as they fight for share.

Bill
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