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To: ackbh who wrote (2192)	7/24/1999 6:09:00 PM
From: Invessi	Read Replies (2) \| Respond to of 3043

ACKBH What do you think the relevance is of Noranda's option to purchase 1 million of common stock at $2.00. They must have felt at the time that the shares might be worth more than that down stream. I wonder if they still think that? The exclusive relationship with Noranda/Falconbridge seems to still be strong and I see they have kept some JV options open re the Polygon. Based on current financial performance, looks like it's still going to be a long hold. The next year could prove to be the ultimate test! regards Paul