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To: re3 who wrote (85539)	2/16/2001 8:58:11 AM
From: pater tenebrarum	Respond to of 86076

well, i for one bought FCX, and have made them a pretty large position in my portfolio...the stock is INCREDIBLY undervalued, political discount included. they produce copper at 9 cents per lb., if one considers the gold credits (which is their method - just as gold miners use silver credits to arrive at their gold equivalent production costs, FCX uses gold credits to calculate its copper production costs). they handily beat estimates by a wide margin (40 cents instead of 25 cent estimate last qu.) and that with depressed metals prices....and they are GUARANTEED to make money, no matter what happens to the metals... note that the Cali energy crisis is accentuating the coming metals shortages...PD was forced to close down a big smelter and a big mine as it became unprofitable in view of soaring electricity costs.