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Gold/Mining/Energy : SPUR VENTURES STARTING TO MOVE TARGET 9.00 -- Ignore unavailable to you. Want to Upgrade?

To: George Hassen who wrote (1184)	1/12/2000 10:02:00 PM
From: ROY PHUNG	Read Replies (2) \| Respond to of 1248

George I'm not surprised that the directors have been buying back company's common stock as its project is substantially undervalued and it's a table pounding buy. At the market bottom, everyone sees bargain but is too scary to buy. If you analyze the fertilizer market correctly that this company's phosphate projects have strong capability to displace a 5 mil ton/y of DAP import from the big North American producers in the future that is equivalent to about $1.5 billion US of future revenue. I'll continue to hold this company for at least 7-12 yrs.