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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Frank Pembleton who wrote (12067)	5/10/2002 10:59:39 AM
From: nspolar	Read Replies (1) \| Respond to of 36161

Frank, Tenke is one I've added to quite a bit recently. Would of liked lower prices, but the chance is equally likely the longer one waits the more one pays.

To: Frank Pembleton who wrote (12067)	5/10/2002 12:57:48 PM
From: russet	Respond to of 36161

Got freebies in all of those. Tnk, Mfl, Cbd have no formal feasibility studies done yet, although Mfl and Cbd should by the end of this year. For Tnk you have have faith in peace in the DRC,...that's a stretch as the warriors are getting together to make a government, and the past indicates that this becomes a cock fight and somebody gets stabbed in the back,...the South American plays are still pretty spec. Eld has the "on again, off again" Brazil problem, and Northgate is really leveraged to the price of copper (less so gold), and the blue sky north zone is big, but with half the grade of Au and Cu which makes it a capex story as well. Northgates current production already meets your targets for Nav and book if you ignore Kemess North, and unless Cu prices improve significantly I'm not sure there will be a big push by Northgate, or its mother Noranda to develop the north zone for several years. All are good picks. If I didn't already have freebies in them I would probably take a flyer and grab some.