first quantum minerals FM on TSE Message Board

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Gold/Mining/Energy : first quantum minerals FM on TSE

FM 27.19

0.0%

Jan 8 4:00 PM EST

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To: Claude Cormier who wrote (242)	7/24/1998 7:09:00 PM
From: Francis Scavo	Read Replies (1) of 385

Claude Thanks for the response. I have looked at Tenke and could not see how they would come up with the $2 million. And there dependance on the price of co to give them their 0 cost for copper. If they do start it up, it will add a lot of co to the market. Maybe they won't be able to finance it, or only part of it. Did like 1st Quantum because they are up and running and have extra acid. Like the acid part because it is offsetting the cost of there copper. <<<Nobody expect CO prices to stay at US$20+, but nobody expect them to drop below $US10. >>> Some yes and some no. Got a report in my DD package from Tenke. It was from HSBC James Capel out of London . It was calling for a co price by 2005+ of $4. I think it was based as if the whole project is up and running. Francis

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