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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: jimsioi who wrote (19019)	12/16/2004 7:21:29 PM
From: jrhana	Respond to of 108708

<Who else is on board with me...?> One of my larger positions. I added today when I saw your post Message 20863933 You have certainly been on the money on HUGO-you called the exact bottom I remember at $3.75- I started buying at around $3.77 and added all the way to around $5 and then again today. Thanks <Robert Friedland promised Christmas presents for all good boys and girls...in the form of news releases here at years end...> hmmmm.... The tell me I've been very good....

To: jimsioi who wrote (19019)	12/16/2004 8:53:58 PM
From: Rockyford22	Read Replies (1) \| Respond to of 108708

HUGO - Thanks, Jims, for the information on HUGO. Made it my biggest holding after reading about their coal discoveries. Sixty meters thick of high quality coal is unheard of in my experience. In the US largest coal producing area (Powder River Basin) the thickest coal is about 100 feet, and it is sub-bituminous. The capital cost to open a coal mine is a fraction of that required for a hard rock mine, and you don't have to blast, smelt, or refine it.

To: jimsioi who wrote (19019)	12/16/2004 9:01:19 PM
From: jrhana	Respond to of 108708

<Who else listened to the latest conference call?> Just listened to it. I would say it is a "must listen". <The conference call will be archived for later playback and may be accessed by dialling 1-800-408-3053 or 1-416-695-5800 and entering the pass code 3117310 followed by the number sign.> biz.yahoo.com Couple of highlights. 1) The coal deposit in the south will soon be a huge cash flow cow. 2) The copper gold deposits are potentially one of the world's best. In the North Hugo projecf the gold is sufficently high grade to be profitable by itself. That means the huge amounts of copper there will be mined at a negative cash cost. Again listen to the conference call-extremely impressive.