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Gold/Mining/Energy : inco
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To: Peter Neidhardt who wrote (26)7/9/1998 5:50:00 PM
From: Kelvin D. Nakamichi  Read Replies (2) of 46
 
I'll venture to say that N and FL should be relatively safer than some of the high flying issues around due to their current beaten down status. If you look at long term charts , you'll see that they always come back eventually. FL's 52-wk high was around $30 and N's was around $45 and now they're both near their lows. I read on this thread that N's book value is around $33/share.

Are you looking at a "couple" months or 12 months? Chances of either being higher in a couple months is 50/50. It may go down for another month and then take another month to get back to where it is now. In 12 months however I'm pretty certain that both will be higher.

I'm not a mining specialist or anything. I haven't owned a base metal stock since the 80's (Cominco). I mainly invest in American tech stocks but I'm looking for a relatively safe value play in Canada for my RSP and I'm thinking Inco fits the bill once it has bottomed. Now if I can only predict the bottom... ;~)

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