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Gold/Mining/Energy : Copper - analysis -- Ignore unavailable to you. Want to Upgrade?

To: Archie Meeties who wrote (303)	4/30/2001 8:58:18 PM
From: tyc:>	Read Replies (1) \| Respond to of 2131

You talk about IMN's leverage to copper. In the following post, I made reference to added leverage provided by IMN's interest in Antamina. I would appreciate your comment; Message 15593461 "Challenge this statement please ! Right from the start of production, Inmet will enjoy leverage to an increase in copper prices for 3.3% of the production from Antamina.... With higher prices the owners may receive their money back faster, but not more money ! "

To: Archie Meeties who wrote (303)	5/2/2001 3:20:44 AM
From: marcos	Read Replies (1) \| Respond to of 2131

Aur still has about a third of production hedged for '02 and '03 at .83/lb, that's just a little more than necessary to pay off their debt for QB ... those numbers from memory, but should be close ... corporate culture is - they don't like hedging, and they don't like debt - though they'll make use of it when appropriate ... they have a history of paying off debt early, and generally delivering a tad more than they projected ... that's been so consistent over the years that it must be more than good luck imho imn.to - tyke really knows his stuff on that one, and makes a powerful case for it, i definitely like its potential, don't know why i haven't picked any up yet ... the two upticked very similarly today, looking healthy fm.to - one risk it's got covered better than others is exposure to energy costs, they have a deal for cheap electricity ... very energy-intensive project, copper mining, huge quantities of rock to move and mill and then run electricity through etc Cu explorers, no don't follow any close lately ... i see you posted on tko.v ... BC politics is a factor there, and there's a provincial election in two weeks ... under the current regime of the NDP i am much more likely to speculate on freakin Liberia or somesuch hellhole than to take a chance here [live in BC] ... but they're history, no possible way they can hang onto power, it looks like .... remains to be seen if mining can be resurrected in our lifetimes, though. There's a thing with political risk - many countries you can't take as a whole .. for instance Nevada or Montana would be reasonable, California would not ... BC is out of the question as it stands today, yet Québec and the NWT are possible, if a bit hidebound by permitologistas in the case of the latter. stockcharts.com - interesting ca.biz.yahoo.com