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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (6050)3/23/2004 1:17:46 PM
From: tyc:>  Read Replies (1) | Respond to of 313787
 
Condor, The talk about the high capex required from plant and equipment, raises questions as to the value of well maintained (but depreciated) used plant. For example, NOV, a Noranda subsidiary, is running out of ore and the mine-life could well end within the year. The entire plant and equipment is currently has a book value of C$6M. Is the salvage value likely to be significantly higher ?


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