Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Falconbridge Ltd.( T.FL ) -- Ignore unavailable to you. Want to Upgrade?

To: Ralph Kern who wrote (22)	3/11/2000 7:13:00 AM
From: Condor	Read Replies (1) \| Respond to of 103

Hi Ralph, I can't believe the level of FL. I think they may do 400,000,000 earnings next year based on last quarter(93,000,000), Ni. LME inventories dropping quickly and the fact that an FL exec. stated that there is the possibilty that 2000 may be their best year ever. nickelalloy.com Jeez, I know the techs are pulling money out of the value plays but my God, at what point do the institutions wake up. The only caviat is that FL will have to do large capital expenditures to keep Kidd and Sudbury going. They are low on ore. Collahuasi is a cash cow for them. I'm very long FL now and waiting for the LME inventories to cause a blast off in Ni. prices. Anytime now, I'd say. I wish FL traded options. Good luck C

To: Ralph Kern who wrote (22)	5/5/2000 11:37:00 PM
From: Condor	Read Replies (1) \| Respond to of 103

Hi Ralph, FL did $109,500,000 in the quarter ending March 31. Cu. is strong and Ni. (while surprisingly flat now) price should move up soon. (where have I heard this before? ...hellooo?) If FL does as I expect, it will earn $5-600,000,000 this year. Thats a P/E of 6:1 or so. Can't happen, share price has to rise substantially. Will I be right? Sure hope so or I'm going to take an awful bath. 30 years of playing this business tells me I'm right. We'll see. nickelalloy.com I don't feel the above can go on much longer without a price increase. My God I'm getting tired of spewing this story. I've been buying in as inventory drops. Which comes first, a price rise or me running out of money. 30 years in the business screams "buy". FWIW Regards C