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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (97)6/5/2001 7:53:16 AM
From: tyc:>  Respond to of 1643
 
>>Prices of mining companies etc. have risen a lot in the last two years. So I'm wondering how much more.

Just yesterday I made a posting to another thread about a huge "capital-intensive" new mine. The posting throws light on the subject of leverage to metal prices; what a fantastic investment the mine will be if metal prices rise, and how dismal it will be if metal prices fall.
Unfortunately it is very difficult for the market to evaluate volatility to determine a fair value today. I believe that todays market prices of the mines owners (Teck and Noranda) barely affords any value beyond cost. Although both stocks have seen good increases I believe they are both trading below book value.

Message 15893603



To: Moominoid who wrote (97)6/5/2001 11:52:43 AM
From: craig crawford  Read Replies (2) | Respond to of 1643
 
>> Prices of mining companies etc. have risen a lot in the last two years. <<

they have? do you live in australia? gold recently hit a 5 year high in australian dollars so maybe you are looking at some australian mining stocks. mining stocks i follow don't look like they are up much at all except the last six or seven months. certainly not up so much they can't go higher.


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