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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: TrueScouse who wrote (26437)1/6/2004 11:19:47 AM
From: jrhana  Read Replies (2) | Respond to of 39344
 
<Rio Tinto will give up all rights to Copler and the surrounding area in exchange for 4 million shares of Anatolia, boosting its stake in Anatolia to 15 percent.>

biz.yahoo.com

biz.yahoo.com

It does to me seem somewhat analagous to the AQI Newmont situation

I'm no expert but I like the fact that RTZ now owns 15% of ANO.u-I like the fact that RTZ seemed happy to accept AZO.u stock as payment.



To: TrueScouse who wrote (26437)1/6/2004 3:40:00 PM
From: Elizabeth Andrews  Read Replies (1) | Respond to of 39344
 
Like which ones have gone into production and made money without a major being involved? Buying a resource from a major and spending some money on it to make it better, perhaps has indeed happened and there's been some spec opportunities but none of these has made any money as a mine. Anyhow I sense the majors are changing and they are more interested in IRR rather than ounces.


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