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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (1479)	9/27/2001 4:57:41 PM
From: tyc:>	Read Replies (1) \| Respond to of 8273

OKTL dividends; Sure the expenses of OKTL will have to cover whatever remediation the government legislates. However, the ownership is now 50% trust fund, 32% PNG government and 18% IMN.... and dividends will be apportioned accordingly. If nothing is payable to IMN, nothing will be payable to PNG nor to the trust fund either. Inmet received $8,000,000 in dividends from OKTL in April of this year and expects another dividend later this year. Hardly slim pickings. But, however slim, there is a margin beyond which dividends will be paid. So IMN can truly add its OKTL interest when it asserts leverage to the price of gold . For that reason alone, IMN must be close to the most highly leveraged gold producer.