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Gold/Mining/Energy : Metallica (MR T) -- Ignore unavailable to you. Want to Upgrade?

To: Traveling Man who wrote (211)	10/7/1999 4:21:00 PM
From: Pete Mimmack	Respond to of 263

Good idea! I haven't bothered to call this week to see what's up, as I figure they are very busy trying to figure out the best path going forward. Last year, I was told that the plan was to lock in some contracts as soon as POG hit $320. Now, of course, feasibility says $300 works, and the "h" word is a no-no ;-). So it will be interesting to see how they proceed. They also told me last year that CBJ was being an excellent partner, putting one of their top teams on the project. So despite taking the hit over hedging, I believe they will prove to be an asset over time. Plus, the deal with Noranda has got to be a plus. Seems that there is even more upside here than ever. But you never know til it happens ...