Fenway Resources Ltd. (FWY@V) Message Board

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Gold/Mining/Energy : Fenway Resources Ltd. (FWY@V)

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To: John A Weisgerber who wrote (6)	11/21/1996 3:53:00 PM
From: Adrian Elbers	of 135

Ah yes John, I too am aware of the expansion plans of Fenway. The project will be undergoing continuing expansion because of the increadible demand for grade A cement in south-east asia. It's one of the great reasons for the location; Fenway isn't going to need much of a sales and marketing team to sell the cement - the buyers will be knocking down their doors. With regards to your calculations, Donald, don't forget about their cost of capital. The $US 350 million in financing isn't coming interest free. My 2 million tons plant worked out to about $35 a share, and after the first expansion to 4 million tons a share price of $65. But lets not get too far ahead of ourselves. Patience will continue to pay off as the environmental clearance from the government is coming soon. till next time....

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