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Gold/Mining/Energy : Tenke Mining Corp (TNK)
TNK 61.44+1.2%Jan 14 3:59 PM EST

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To: Tomas who wrote (156)3/23/1998 6:44:00 PM
From: Gunnar  Read Replies (1) of 486
 
Tomas, could you please take over for a while?
I have been working quite hard lately, but that cannot excuse the total lack of respect of figures that I have showed on this thread the last days (och delvis i Sverige). Total ore to plant will be 2 400 000 tpa the first 4 years. From that ore there will be produced 93 000 t copper. So if the mining area contains 1 biljon tonnes of ore the mining could last for some 175 years at the five year output.
And you are of course right Gofer, let's use the net margin per ton,USD 64 . The cash-flow will of course be significant and the in situ value is by far exceeding my previous figures.
For one year I have tried to convince some of my friends that this is just what I said it was not in the letter to this thread, the first project that Lundin has got married to. So, why change this opinion now just because of a week of to much work, when we have figures that gives support that opinion? What is the p/e-ratio for the big copper CO in Chile?

I'll take a break for a few weeks, just cutting and pasting if you don't mind.

Regards,
Marten
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